CIMIC Group Provides Results

CIMIC Group’s strong performance continued in the 12 months to 31 December 2017, with the achievement of substantial profit growth and cash flow generation and increased work in hand.


CIMIC Group Executive Chairman Marcelino Fernández Verdes said: “CIMIC Group finished 2017 in a strong position. We again reached the top of our profit guidance range and further strengthened our balance sheet, positioning us well for strategic growth opportunities, including public private partnerships, and sustained shareholder returns.

“This performance was reflected in a 47.3% increase in CIMIC Group’s share price during the year. Combining the share price appreciation and dividends paid in 2017, we achieved a total shareholder return of 51%.

“Innovation continued to be a priority area, with the development of technologies that improve productivity and results for our clients. Reflecting this, we were the first Australasian company to achieve Kitemark certification7 for excellence in building information modelling (BIM).”

The Board has declared a 100% franked final dividend of 75 cents per share to be paid on 4 July 2018. Total dividends declared for 2017 were 135 cents per share, a 22.7% increase compared with 2016.


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