Downer swings to loss

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.

Downer swings to loss Downer swings to loss Downer swings to loss Downer swings to loss 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.

topics

loader