Qube Holdings Posts Lower Fiscal H1 Earnings Despite Higher Revenue

MT Newswires Live
20 Feb

Qube Holdings (ASX:QUB) reported Thursday that its earnings per diluted share fell to AU$0.06, from AU$0.064 per diluted share last year.

Analysts polled by Visible Alpha were expecting an EPS of AU$0.076.

Revenue from ordinary activities rose to AU$1.99 billion, from AU$1.57 billion. Analysts surveyed by Visible Alpha expected AU$1.92 billion.

For the fiscal year, the provider of import and export logistics services expects its associates to deliver an overall net profit after tax adjusted to exclude the amortization of intangible assets decline of around AU$6 million to AU$8 million, compared to last year.

QUB expects its earnings before interest and taxes to increase in the fiscal year and its net expense to be around AU$20 million to AU$25 million higher than last year.

The company also expects to spend between AU$800 million to AU$850 million on gross capital expenditure.

The board declared an interim dividend of AU$0.041 per share, up from the AU$0.04 in the previous reported period, payable on April 10 to shareholders on record as of March 5.

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