AGO up 40%, page-24

Well, the profit for this year is going to be about $60m so that shouldn't be a problem.

Keep in mind they booked a pre-tax profit of about $45m on the sale of liquip.

Also, accumulated losses are irrelevant for dividends. As long as you make a profit in the current year you can pay profits out of that. So only need to make a profit of around $9m this year to pay a 3c dividend.

As an added bonus, they have accumulated franking credits from prior years so can pay a fully franked dividend.

Having said all that, I wouldn't expect much of a dividend. They still have too much debt evenafter the sale of Liquip given the capital tied up in the Atlas contract. Hopefully they sell Cloncurry Quarry soon which would be a big help.