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Australia drags down Liebherr profit

GERMAN equipment supplier Liebherr is feeling the pinch of the economic downturn, with its overall turnover expected to be $A13.6 billion for the financial year, down 1% due to a lack of demand in the construction and mining sectors.

Haydn Black
Australia drags down Liebherr profit

The group says that most of that decline is in the area of construction machines and mining, where the expectations are for a 4.5% decline in income, due to a drop in demand across the earthmoving, mobile...

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