I have been given the company Ausenco for my assignment who are very much involved in the minerals market. I've been analysing the statements and I think I'm sold! They have a great marketing team who have developed their annual report. They have not officially published there 2013 results so I will be analysing years 2012, 2011, 2010 and 2009.
The highlights from 2012 are:
Strong financial results - full year net profit after tax was $41.4 million, up 57.1% from 2011 on the back of record personnel numbers and services revenue of $633.5 million.
Revenue growth from cross-selling - cross-selling amongst our businesses delivered $48 million in additional revenue to the company in 2012 and won us new work and extended scopes on existing projects.
Two strategic acquisitions - we strengthened our offering in two key areas with high growth potential - asset optimisation and energy - through the acquisition of Rylson Group (75%) and Reaction Consulting.
Delivered shareholder returns - earnings per share increased by 56% to 33.5 cents per scare and the Board declared a final dividend of 10.1 cents per share (franked up to 50%)
Value proposition wins award - our value proposition for providing ingenious, cost saving solutions was recognised by our clients and industry at the 2012 Mining Prospect awards in Sydney where we won contract miner of the year for our innovative concentrator design.
Reinforced commitment to zero harm - we successfully rolled out our Golden Rules of Safety a behavioural program to address key risk areas and preserve life - across all operations.
I will be commenting further on Ausenco with some news items in the next couple of days.
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