Mets Investor > Deals-finance

NRW lifts profit, cuts debt

Western Australia-based mining and civil contractor NRW Holdings (ASX: NRW) has increased revenue almost 29% to A$370.3 million and reduced debt but decided against a dividend in its full year results to June 30.

Mets Investor > Deals-finance

NRW lifts profit, cuts debt

Western Australia-based mining and civil contractor NRW Holdings (ASX: NRW) has increased revenue almost 29% to A$370.3 million and reduced debt but decided against a dividend in its full year results to June 30.

NRW lifts profit, cuts debt

NRW has the earthworks and civil works contract at Rio Tinto's Yandi Oxbow project

EBITDA was up 24.6% to A$58.8 million and net profit after tax was up 33% to $28.5 million, with earnings per share of 9.1c.

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