Cerebos delivers a reasonable set of 2011 results and maintains dividend of 25 cents…..still an attractive defensive stock and yield play
Tuesday, 31 January, 2012  9:23 AM
Posted by Kevin Scully

Cerebos Pacific Ltd, one of my yield stock picks, has just reported its FY2011 results.  The results announcement makes a comparison of 12 months for 2011 against 15 months for 2010.  I have adjusted the results as best I can to compare 12 months in 2011 against 12 months in 2010 (see table below).

  12 months 12 months %
Dec-31 FY2010 FY2011 chng
Turnover 936.2 977.0 4.4%
Pretax 156.0 164.3 5.3%
Net attrib 108.8 100.1 -8.0%
       
EPS (s cents) 34.5 31.7  
NTA (s cents) 131.4 129.4  
DPS (s cents) 25 25  

Considering the problems of the …