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Service Stream Announces Half-year Results Ended 31 December 2018

06 Feb 2019  |  16:35:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Service Stream HY2019 Results Announcement

Service Stream released its financial results for the half-year ended 31 December 2018. The Company reported EBITDA from Operations of $38.6m on revenue of $348.0m. The Board has declared an interim dividend for the half-year of 3.5cps (fully-franked), an increase of 0.5 cents. Dividend will be paid on 21 March 2018. The Board has approved a new DRP allowing eligible shareholders to reinvest. The Group completed a refinance of its banking facilities with ANZ & HSBC on 20 December 2018, in advance of completing the Comdain Infrastructure acquisition on 2 January 2019. The Board advised that the Group's on-market share buy-back, which was approved for a 12 months period from 1 March 2018, will remain suspended and will not be extended beyond 28 February 2019.

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