TSE:6269Energy Services
MODEC (TSE:6269) Valuation in Focus After Upgraded Profits and Bigger Dividend
MODEC (TSE:6269) released fresh guidance, forecasting higher operating and net profit for the year even as revenue expectations came down. The company also announced a notable jump in its planned annual dividend payout to shareholders.
See our latest analysis for MODEC.
It’s no surprise that MODEC’s announcement of a bigger dividend and a more optimistic profit forecast sent its shares sharply higher, with a one-day share price return of 26.1% and a remarkable 66.5% jump over the past month...