Opus annual profit drops 36% on Canadian unit write-down, fattens dividend

Tue, 16 Feb 2016

By Paul McBeth Feb. 16 (BusinessDesk) - Opus International Consultants, the listed engineering firm, posted a 36 percent drop in annual profit as it wrote down the value of its Canadian business, while fattening its dividend to shareholders as underlying earnings beat expectations. Net profit fell to $16.7 million, or 11 cents per share, in calendar 2015, from $26.2 million, or 17 cents, a year earlier, the Wellington-based company said in a statement. That included a $12.6 million impairment charge on the value of Opus's Canadian busine...

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