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Business Description: Seymour Whyte Limited (SWL) is an infrastructure, engineering and construction company with projects in New South Wales and Queensland. The company's activities focus on: construction of major roadworks; bridgework construction and associated concrete structures; major traffic management schemes; heavy industrial concrete works; and aquatic facilities and community infrastructure.
Strategy Analysis: SWL will continue to pursue an organic growth strategy in its chosen markets, including through the strategic use of joint ventures. The company has established a presence in the three principal markets of North Queensland, South East Queensland and New South Wales and is looking at further consolidating its geographic expansion. In addition, SWL is focussed on further expanding the company's presence into related sectors such as rail, energy, resources and water.
Seymour Whyte reported NPAT up 62.3% to $8.23m for the half-year ended 31 December 2011. Revenues from ordinary activities were $161.84m, up 91.7% from the same period last year. Diluted EPS was 10.6 cents compared to 6.5 cents last year. Net operating cash flow was $13.95m compared to $10.07m last year. The interim dividend declared was 4 cents compared with 3.5 cents last year.
The Age 24/05/2013 |
The door has been opened to full deregulation of electricity prices in NSW after a report found there was a high degree of competition, with more than 60 per cent of households on unregulated contracts.
The Age 24/05/2013 |
James Hardie expects no big improvement in the housing market this year but says the sector has stabilised after interest rate cuts.
The Age 24/05/2013 |
Foster's owner SABMiller reported a 5 per cent drop in sales volumes in Australia over the past year but notched up 3 per cent growth in the fourth quarter, boosted in particular by the relaunch of Victoria Bitter.
The Age 24/05/2013 |
The ASX took more than three hours to tell stockbrokers and investors a computer failure had knocked out its critical market announcements feed in October last year, according to a new investigation into the incident.
The Age 24/05/2013 |
The Australian dollar plunged to its lowest level in a year, shedding over US2¢ in a session, as traders reacted to contradictory comments from the head of the US Federal Reserve on Thursday.