[caption id="attachment_21281" align="alignleft" width="136" caption="Seven Group Holdings (SVW) 1H FY12 profit of $52.1 million"]
[/caption] Seven Group Holdings (SVW) is a diversified operating and investment group listed on the Australian Stock Exchange. The operating business encompasses WesTrac, a global top five Caterpillar dealership. It also is a minority holder in Seven West media and major shareholder National Hire. Seven Group Holdings announced a 1H FY12 profit of $52.1 million, a 57.8% fall on the previous corresponding period. The result was better than the market expected. Despite the fall in profit, revenue grew 29.3% to $2 billion over the same period. The result was spoiled by $165.2 million impairment charge on the carrying value of its investment in Seven West Media. The company will pay an interim dividend of 18 cents a share, fully franked. Receive Daily FREE Trading Recommendations, click now.
[/caption] Seven Group Holdings (SVW) is a diversified operating and investment group listed on the Australian Stock Exchange. The operating business encompasses WesTrac, a global top five Caterpillar dealership. It also is a minority holder in Seven West media and major shareholder National Hire. Seven Group Holdings announced a 1H FY12 profit of $52.1 million, a 57.8% fall on the previous corresponding period. The result was better than the market expected. Despite the fall in profit, revenue grew 29.3% to $2 billion over the same period. The result was spoiled by $165.2 million impairment charge on the carrying value of its investment in Seven West Media. The company will pay an interim dividend of 18 cents a share, fully franked. Receive Daily FREE Trading Recommendations, click now.
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