February 22, 2018 / 10:50 PM / 7 months ago

BRIEF-Avjennings Says ‍HY Net Profit Attributable $15.5 Mln

Feb 23 (Reuters) - Avjennings Ltd:

* ‍HY REVENUES $185.8 MILLION VERSUS $156 MILLION

* ‍HY NET PROFIT ATTRIBUTABLE $15.5 MILLION VERSUS $14.1 MILLION

* CONTRACT SIGNINGS GUIDANCE FOR FY18 HAS BEEN REVISED TO 1,450-1,550 CONTRACTS

* ‍REMAINS CONFIDENT FY18 OUTCOMES WILL SHOW CONTINUED GROWTH IN REVENUE AND EARNINGS BOTH IN SECOND HALF AND COMPARED TO FY17​

* CONTINUING TO TARGET A DIVIDEND PAYOUT RATIO OF 40% TO 50% OF EARNINGS FOR 2018‍​ Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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