Downer EDI (ASX:DOW) revises its NPATA guidance for the year

23Jan

Downer EDI (ASX:DOW) revises its NPATA guidance for the year

 

Downer EDI (ASX:DOW) announced today that its NPATA guidance for the 2020 financial year had been revised down to $300 million.

The revision is to reflect project underperformance in Engineering, Construction and Maintenance with increased the forecast net costs by $43 million.

Meanwhile, Downer EDI announced today that it had been awarded a five-year contract, valued at approximately $600 million, to provide mining and related services at the Meandu Mine in Queensland.

Shares in Downer EDI (ASX:DOW) are trading 22.1 per cent lowe at $6.82.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

14Jan

Transurban (ASX:TCL) appoints Terry Bowen as a Non-executive Director

14 Jan 2020 - Transurban (ASX:TCL) has appointed Terry Bowen as a Non-Executive Director from the 1st of February 2020.

Read More
16Sep

Stocks of the Hour: Myers, Domain, Wesfarmers & Telstra

16 Sep 2021 - A snapshot of the stocks on the move, featuring Myers (ASX:MYR), Domain Holdings (ASX:DHG), Wesfarmers (ASX:WES) & Telstra (ASX:TLS).

Read More
21Dec

Lifestyle communities (ASX:LIC) to buy a new site in Victoria

21 Dec 2020 - Lifestyle communities (ASX:LIC) is looking to buy a new site in Rockbank in Victoria.

Read More
27Mar

Stocks of the Hour: ImpediMed, Alloggio Group, Great Boulder Resources

27 Mar 2023 - A snapshot of the stocks on the move featuring ImpediMed (ASX:IPD), Alloggio Group (ASX:ALO) and Great Boulder Resources (ASX:GBR).

Read More
24Aug

Reliance (ASX:RWC) profit drops as construction slows in key markets

24 Aug 2020 - Plumbing supplies company Reliance Worldwide (ASX:RWC) recorded a 32.7 per cent drop in net profit to $89.4 million for the 2020 financial year.

Read More
13Jul

Cochlear (ASX:COH) CFO resigns

13 Jul 2020 - Cochlear (ASX:COH) CFO Brent Cubis has resigned from the company to pursue other opportunities.

Read More
02May

Stocks of the Hour: Krakatoa Resources, Immutep, ABx Group

02 May 2024 - A snapshot of the stocks on the move, featuring Krakatoa Resources (ASX:KTA), Immutep (ASX:IMM) and ABx Group (ASX:ABX).

Read More
02Mar

Stocks of the Hour: Mineral Resources, Transurban & Telix Pharmaceuticals

02 Mar 2022 - A snapshot of the stocks on the move featuring Mineral Resources (ASX:MIN), Transurban (ASX:TCL) & Telix Pharmaceuticals (ASX:TLX).

Read More
16Feb

Adairs (ASX:ADH) report NPAT up 233.4%

16 Feb 2021 - Homeware store Adairs (ASX:ADH) Adairs today released its results for the half year showing record sales and profitability at a time when its 43 Greater Melbourne stores were closed for almost half the period due to COVID-19 related restrictions.

Read More
05Sep

Spark’s Qrious buys NOW consulting

05 Sep 2019 - Spark (ASX:SPK) owned subsidiary Qrious has finalised the acquisition of NOW Consulting, the New Zealand-based data consulting division of WhereScape Software.

Read More