No dividend as NRW doubles revenue
NRW said it had strong order book growth prospects. Image: NRW Holdings. BY CAMERON DRUMMOND MINING services contractor NRW Holdings has decided against an interim dividend, despite the business continuing to “meet or exceed our expectations”, securing contracts and contract extensions across all its businesses. The company almost doubled its yearly revenue to $345.3 million and increased profit from $11.9m to $15.3m. Last year, the company acquired east coast mining services business Golding for $85m, funded by a capital raising and debt facility. Because of this, the company decided to retain its cash balances and not pay an interim dividend to ensure its debt was fully serviced. It has not paid out to shareholders since a fully franked interim dividend…