Why it matters: WesTrac supplies Caterpillar machinery across the mining sector.
It declared a flat final dividend of 23¢ a share, fully franked.
Seven expects a better performance from Beach Energy, of which it owns 30 per cent.
Seven Group boss Ryan Stokes expects a turnaround in the performance of Beach Energy on the back of an abrupt leadership change and a renewed focus on completing projects and getting them into production.
Mr Stokes said the Beach results did not meet the expectations of Seven Group and that leadership overhauls had proved successful in other businesses owned or controlled by the conglomerate.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
