AUSTRALIA

Leighton posts solid result

DIVESTMENT of John Holland and its new services investment partnership with a US-based hedge fund mean the slimmed-down Leighton Holdings is expected to post a final net profit of $676.5 million, one of the better performances of a contracting concern in recent weeks.

Haydn Black

It reported a net cash inflow of $1.2 billion and a gross pre-tax profit was $973 million. The result wasn't all down to asset sales. Earnings before income tax were $1.4 billion, a 38% increase from...

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