small-cap

This divdend stock looks good

Sep 29, 2014 | Team Kalkine

Read Time :5 MINS

SKE’s FY14 results appear to be quite encouraging and in line with expectations with following key highlights - Revenue was $1,873.3 million in 2H14, which is 6.7% higher than that of 1H14 (primarily driven by Engineering & Marine Services); Promising results achieved for acquisitions; Underlying EBITDA margin maintained at 5.1%; cost reduction of about $15 million in FY14 being achieved; Healthy operating cash flow; Increase in total FY14 dividend to 17.0 cps; Increased final dividend of 9.5 cps; and fully franked Gearing remaining conservative at 26.2%. Accordingly, the total dividend declared for FY14 which is 17.0 cps (fully franked), is 1.0 cps up from 16.0 cps in FY13. To read the complete report Click Here

Mid-Cap