Austal Limited announced its half-yearly results

Austal Limited (ASX: ASb) announced its financial results for the half year ended 31 December 2022 (1HFY23):

• In 1HFY23, the company generated revenue of AU$775.0 million compared to AU$722.4 million in 1HFY22. The increase was mainly due to an increase in sustainment income from AU$116.7 million to AU$194.6 million.
• The company reported a net loss after tax (NPAT loss) of AU$7.3 million, compared to a profit of AU$45.1 million in 1HFY22.
• Irrespective of higher revenue, the firm reported earnings before interest and tax (EBIT) loss of AU$2.0 million in 1HFY22, compared to EBIT profit of AU$71.1 million in 1HFY22, due to the loss provision on T-ATS. 
• The company announced a 4.0 cent per share unfranked interim dividend in line with 1HFY22.

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