Shares rally despite COVID-19 shadow over Monadelphous results

RESOURCES contactor Monadelphous says its second half of the 2019-20 financial year was significantly affected by COVID-19, and while it faces an uncertain economic outlook due to the global pandemic, it ended the year in a healthy position, and began the new year with a solid forward workbook.

Shares rally despite COVID-19 shadow over Monadelphous results Shares rally despite COVID-19 shadow over Monadelphous results Shares rally despite COVID-19 shadow over Monadelphous results Shares rally despite COVID-19 shadow over Monadelphous results Shares rally despite COVID-19 shadow over Monadelphous results

The Pilbara is playing a big role in Monadelphous' finances

It has decided to pay a dividend of A13c in October, funded by available cash of $208 million.
 
Revenue for the year was up 2.6% to $1.

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