03 Sep 2012

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WBHO lifts dividend, order book

Reuters

Johannesburg - Shares in Wilson Bayly Holmes Ovcon [JSE:WBO] gained nearly 4% as the construction group lifted its annual dividend payout by 6% and 12-month order book by nearly 30%.

WBHO, which posted a 17% drop in earnings on Monday, says dividend totalled 352 cents per share and order book at beginning of July totalled R21bn.

The builder says it secured R4.2bn in additional projects in the two months to end-August.

The firm’s stock is 3.7% higher at R136.60.


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