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Transfield Services Swings To Full Year Profit - Quick Facts

(RTTNews) - Transfield Services (TSE.AX) announced full year reported net profit after tax or NPAT attributable to members of the company of A$73.0 million, compared to a loss of $55.0 million the previous year.

Excluding the impact of non-recurring items, NPAT was $96.0 million, an increase of 2.7% compared to the previous year's normalised NPAT pre-impairment of $93.4 million, and in-line with guidance.

Including the contribution from joint ventures, total Group Revenue declined by 6.2% to A$4.1 billion, as a stronger Australian dollar reduced contributions from overseas operations. The company's contracted revenue at the end of the period was A$11.6 billion.

The company said that its board declared a fully franked final dividend of 9 cents per share, payable on 20 October 2010. The total dividend for the year will be 14 cents per share, up 17% on last years 12 cents per share.

Additionally, Share Purchase Plan has been announced today, offering shareholders an opportunity to purchase shares in Transfield Services at a discount and free from brokerage and transaction costs.

Looking ahead, the company is targeting mid-single digit percentage growth for fiscal 2011 Net Profit After Tax, excluding any restructuring or cost reduction initiatives.