ALS Limited Rides Resources Rebound

The rebound in global resources and in the wider economy has seen the Brisbane-based global testing giant, ALS Limited boost interim dividend by a third after lifting earnings by 30% on an underlying basis to $93.3 million for the September half of its 2018-19 financial year.

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ALS Outlook Mixed, Opts For Buyback

ALS Ltd ((ALQ)) earnings grew less than brokers expected in the first half, driven by weaker profit growth from the commodities unit and margin declines in life sciences. There was significant working capital outflow and impairment charges, which resulted in a reported loss of -$8.9m. Underlying profit was just inside the low end of the $70-75m guidance range.

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