Leighton Holdings profits rise 57%

13 Feb 2012, 10:09 am   -   Source: AAP
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Leighton Holdings says its first-half profits have jumped 57 per cent and that it's well-positioned for 2012.

Leighton Holdings says its first-half profits have jumped 57 per cent and that it's well-positioned for 2012.

Leighton Holdings booked a net profit for the six months to December 31 of $340 million, up 57 per cent from $217 million in the previous corresponding period.

The company confirmed its expectations of an underlying profit after tax of between $600 to $650 million, excluding gains from sales and impairments, for the 12-month period ending 30 June 2012.

For the full financial year to 31 December 2012, the Group expects to deliver profit in a similar range to that forecast for the 12-month period ending 30 June 2012, Leighton said in a statement.

"The Group is confident it is positioned in the best possible markets in the world for at least the foreseeable future," Leighton said in a statement on Monday.

"The Australian and Asian regions, the Middle East and Southern Africa are continuing to grow based on the industrialisation and urbanisation of Asia and the regions demand for minerals and energy."

The six months to December 31 represented a transitional period for Leighton, as it moves from reporting for a financial year ending June 30 to a fiscal year ending on December 31.

Leighton also announced an unfranked final dividend of 60 cents per share for the transitional financial year to 31 December 2011.

This compares with 60 cents per share fully-franked for the 12-month period ended 30 June 2011.

Total revenue, including joint ventures and associates, for the six-month transitional financial year to 31 December 2011 was $12.2 billion compared to $19.4 billion for the 12-month period to 30 June 2011, Leighton said.

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