Appendix 4D 1HFY25

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Stock Duratec Ltd (DUR.ASX)
Release Time 20 Feb 2025, 8:53 a.m.
Price Sensitive Yes
 Duratec Ltd Reports 1HFY25 Results
Key Points
  • Revenue of $287.3 million, down 2% from prior period
  • Net profit before tax of $16.0 million, up 0.4% from prior period
  • Interim dividend of 1.75 cents per share, fully franked
Full Summary

Duratec Ltd has released its Appendix 4D for the half-year ended 31 December 2024. The company reported revenue from ordinary activities of $287.3 million, down 2% from the prior period's $292.7 million. Net profit before tax from ordinary activities attributable to members was $15.9 million, up 0.4% from the prior period's $15.9 million. Profit from ordinary activities after tax attributable to members was $13.0 million, up 6% from the prior period's $12.2 million. The company's net tangible asset backing per ordinary share increased to 21.32 cents per share, up from 15.34 cents per share in the prior period. During the half-year, the board resolved to pay a final 2024 dividend of 2.5 cents per share (fully franked), with $5.5 million paid in cash and the remainder reinvested via the Duratec Dividend Reinvestment Plan. The company has also declared an interim dividend for 2025 of 1.75 cents per share (fully franked) to be paid on 30 April 2025.