METS

Dividends back at NRW

Contractor expecting strong financial year 2019

This article is 6 years old. Images might not display.

The final dividend of 2c per share comes with the company having cash holdings of $59 million after earnings in the recently completed financial year increased from $59 million a year earlier to $93.5 million.

The earnings came from a top line totalling $754.3 million, with NRW expecting that to increase to about $1.1 billion in the current financial year.

NRW said $950 million had already been secured with the "tender pipeline" standing at around $6 billion and the company expecting "improving activity levels" in both its targeted sectors for the next five years.

Following repayments totalling $31.3 million net debt at June 30 stood at $34.4 million, giving the company a gearing ratio of 12.6%.

Shares in NRW rose 6% to $1.80 in early trade, capitalising the company at nearly $670 million.

The stock has gained around 70-80% over the past year.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.