ALQ 0.56% $14.18 als limited

May 30 (Reuters) - ALS Ltd (ALQ) : Preliminary final report...

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    May 30 (Reuters) - ALS Ltd (ALQ) :

    • Preliminary final report (app 4e) - year ended 31.3.16 (ALQ)
    • FY underlying npat of $99.5 million for FY 2016, 27% lower from FY 2015
    • Says FY preliminary revenues from ordinary activities down 8.6% to A$1.36

      billion

    • Says the total partly franked dividend for the year will be 13.5 cents per

      share

    • Ensuing reduction of industry activity levels and oil price expectations has

      led to the group recognise a further non-cash impairment

    • Expects short to mid-term market conditions to remain challenging and

      unpredictable until the oil price stabilizes"

    • Australian market conditions are expected to remain challenging throughout FY

      2017

                        
 
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