Backup to pursue the growth objectives efficiently

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Reference no: EM131247691

Enhanced profitability increases the investor’s confidence in the company besides providing a strong financial backup to pursue the growth objectives efficiently. CIMIC reported improved profitability in FY2015 costs controls. Although the company reported a decline in revenue in total revenue of from AUD16,875 million in FY2014 to AUD13370 million in FY2015 marking a decline of 20.7%, it reported an improvement in profitability position. The company’s operating expenses decline from AUD 16790.2 million to AUD12411.4 million in FY2015. Its operating costs as a percentage of sales stood at 92.8% in FY2015 as against 99.49% in FY2014. A decline in operating costs as a percentage of sales revenue improved the company’s profitability. Operating income improved significantly from AUD85.6 million in FY2014 to AUD959.3 million in FY2015. Its operating profit margin stood at 7.17% in 2015 as against 0.5% in 2014.

Reference no: EM131247691

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