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BRIEF-Qube Says FY Net Profit After Tax Down 56%

Published 25/08/2020, 11:35 am
© Reuters.
QUB
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Aug 25 (Reuters) - Qube Holdings Ltd QUB.AX :

* FY NET PROFIT AFTER TAX $87.5 MILLION, DOWN 56%

* FINAL DIVIDEND (FULLY FRANKED) 2.3 CENTS/SHARE

* FY REVENUE FROM ORDINARY ACTIVITIES $1,902.0 MILLION VERSUS $1,838.9 MILLION

* EXPECTS VOLUMES IN A NUMBER OF ITS MARKETS TO DECLINE IN FY21 RELATIVE TO FY20

* EXPECTS GENERALLY WEAKER CONDITIONS EXPERIENCED IN H2 OF FY20 WILL CONTINUE IN FY21

* AT PRESENT, THERE IS "VERY LIMITED VISIBILITY" REGARDING NEAR-TERM VOLUMES IN KEY MARKETS

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