Yesterday we saw Australand (AZL) and Ansell (ANN) report their interim results to the market, alongside the Big (Western) Australian covered earlier here. Here’s a round up of their results:
Australand
Australand Property Group reported net profit (after tax) down 15% to $140.6 million for the year ended 31 December 2011, compared to $165.8 million in the same period in 2010. Earnings per share actually increased some 6% however.
Revenues fell almost 9 percent to $692 million, although operating cash flow improved to $57.5 million from $38.8 million.
The earnings hit was due to revaluing 7 major development projects in Queensland and some loss on interest rate derivatives. The company said residential sales volumes rose some 15 percent compared to 2010, but indicated that the domestic economy remained subdued, with management clinging to the “strength of resource sector will have positive impact on broader economy” meme.
The final dividend declared was 11 cents, taking the full year dividend – which is unfranked – to 21.5 cents compared with 20.5 cents last year. The stock is already ex-dividend.
Here is Australand’s share price performance over the last 12 months:
After rising as high as $2.69 on the result, Australand closed yesterday up 0.4% to $2.64 per share.
Ansell
The occupational healthcare and protective product manufacturer reported a very marginal rise in HY profit, $64.9 million compared to $64.1 million previously.
Sales dropped (in AUD – up in USD terms), blamed mainly on IT problems, with the chief executive Magnus Nicolin saying they have disappointed customers.
The interim dividend was increased 1 cent to 15 cents, with the stock going ex-dividend on 13th February, its closing price yesterday of $14.84 implying a paltry 2.3% yield, with no franking credits available.
Here is Ansell’s share price performance over the last 12 months, which has been on a tear since October 2011:
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Today its all eyes on Rio Tinto (RIO), whilst Telstra (TLS), BWP Trust (BWP), Stockland (SGP) and Tabcorp (TAH) also amongst the major reporters.