News: UGL profits decline

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UGL Limited (ASX:UGL) has generated an underlying net profit after tax of $92.1 million for fiscal 2013, in line with revised guidance but down from $168 million reported last year.

 

Net profit for the full year was $36.5 million, a substantial decline on the $134 million generated last year.

 

A final dividend of five cents per share will be paid on September 6.

 

CEO Richard Leupen says the results reflect a year of significant transition for UGL.

 

In a separate announcement, UGL says it plans to demerge its global property services and engineering and construction arms.