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Downer swings to loss

<div>DIVERSIFIED multi-sector service provider Downer EDI swung into the red for the 2019-20 financial year, posting a statutory loss of A$156 million, down from a $261.8 million profit 12 months earlier.

Haydn Black
Downer swings to loss

The loss was driven by contract losses in its engineering, construction, and maintenance services business and $367 million in write-offs.   Its net underlying profit after tax for the year was $215...

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