United Group $26m Profit, Down 53% 1H2013

Engineering and Property Maintenance company, United Group (ASX:UGL) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stockmarket.

• United Group reported a net profit of $26 million, down 53 percent from $55.4 million in the previous corresponding period.
• Underlying Net Profit After Tax (NPAT) was $51 million, down from $72.2 million in the previous corresponding period.
• Revenue down 20 percent to $261.6 million.
• UGL Managing Director & CEO, Richard Leupen said, "With the restructuring and repositioning now largely behind us, UGL is now returning to normal trading in the second half of FY2013."
• United Group have declared an interim dividend of 34 cents per share, 50 percent franked.