Report
Mark Taylor
EUR 147.86 For Business Accounts Only

Fiscal 2016 Result in Line with Expectations, AUD 2.25 Fair Value Unchanged

We make no change to our AUD 2.25 per share fair value estimate and no material change to our 2017 earnings forecast of AUD 0.31 per share. Underlying fiscal 2016 net profit after tax increased 11% to AUD 33.7 million, close to AUD 36.7 million expectations. This excludes AUD 200 million in pretax provisions for the Ichthys LNG project, some or all of which may ultimately be recoverable via claims settlement. The provisions led to a statutory loss of AUD 106 million.
Our unchanged fair value est...
Underlying
UGL Ltd.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mark Taylor

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