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 Downer down on profit drop Downer down on profit drop Downer down on profit drop 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.

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