METS

Downer down on profit drop

RISKY construction projects have been blamed for Downer EDI’s 35% plunge in profit, with a woeful performance from its engineering, construction and maintenance division that swung from a A$22 million profit to $37 million loss. 

Downer down on profit drop

The company, which is selling off its profitable mining arm, is pivoting away from risky construction contracts towards safer, long-term services contracts.    The contractor slashed its full-year...

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