Downer EDI Reports 5.8% Decline in Revenue, Announces Higher Dividend

Downer EDI Limited (ASX: DOW) announced its financial results for the year ended 30 June 2024, revealing a 5.8% drop in revenue to $11.05 billion, down from $11.73 billion in 2023. Despite this decline, the company managed to improve its underlying earnings, with EBITA rising by 17.7% to $380.8 million. Net profit after tax (NPAT) saw a significant recovery, shifting from a loss of $367.3 million last year to a gain of $98.3 million. Downer EDI also increased its final dividend to 11.0 cents per share, up from 8.0 cents last year, with a partially franked portion of 5.5 cents. The company’s Dividend Reinvestment Plan has been suspended.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com