CAPITAL MARKETS

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.

Rebecca Keenan
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. Chief executive...

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