Leighton to exit South America

LEIGHTON Holdings has delivered a profitable first half result with a 6% increase in operating profit after tax and minorities to $71 million, but presented a subdued outlook for 2002-03 and announced its departure from South America.

Leighton to exit South America Leighton to exit South America Leighton to exit South America Leighton to exit South America Leighton to exit South America

Leighton said developing a viable business in South America had proved too difficult, with a number of projects operating at loss. All operations are now in the process of closing down.

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