-Strong net cash1 position of $272.4 million, increased from $150.7 million at 30 June 2019.

-Increased final dividend of 5 cents per share (unfranked), bringing total FY2020 dividends to 8 cents per share (unfranked) (FY2019: 6.0 cents per share, unfranked).

- Good operations momentum into FY2021, with the business underpinned by multi-vessel defence programs and a secured order book of $4.3 billion running to FY2024.

-Strong financial position enabling Austal to strategically position itself to capture future steel shipbuilding opportunities in USA and Australasia and continue to grow its support business.

Austal Limited (Austal) (ASX:ASB) has exceeded $2 billion of revenue for the first time and delivered record earnings for FY2020. Austal Chief Executive Officer David Singleton said: “I’m delighted that Austal has generated a record full-year result amidst significant global economic volatility, exceeding the record revenue and profit milestones that we set in FY2019. I am particularly proud of the fact that we kept all of our sites open during the pandemic, kept all of our people employed, and have been in a position to pay full time employees a bonus to reflect their exemplary performance in this difficult time.” 

Full report here https://investor.austal.com/static-files/15763215-8cfc-47a5-8fb0-451e0631ff64