Outstanding 1st half result from UGL today. No other ASX100 company or even ASX200 stk will equal it: Revenue up 48% NPAT up 29% Dividend up 21% and it was already above 90% of all ASX stks.
The only caution is that profit growth although continuing will slow in 2nd half to 'lower end of 10-20% range'. But Richard Luepen CEO has a strong history and preference for 'understating and overdelivering.' Certainly a refreshing change from CEOs who promise the earth then fail to deliver.... hiding behind 'world financial catatrosphy.'
Great result!! BUY.
UGL Price at posting:
$7.44 Sentiment: Buy Disclosure: Held