|
contents | business | |||||||||
| Leighton on the road to 55% profit increase  Leighton Holdings Limited announced a substantial increase in operating profit after tax for the nine months to 31 March 2006 to $273 million ($169 million last year). The company has also upgraded the forecast for the full year and expects to report an increase in net profit after tax of approximately 55% on top of last year's record profit of $276 million. The group's operational performance with total revenue for the nine months of $8.6 billion ($7.1 billion last year) and work in hand standing at $19 billion."The outlook remains very strong for all of our major markets, which are continuing to provide a good level of opportunities in construction, mining and services. These opportunities will support work on hand and we expect to report some $20 billion at 30 June, " said Leighton Holdings' Chief Executive, Mr Wal King. "After decades of underinvestment in roads, rail, water, electricity and telecommunications, a sustained catch-up spend is required and we see this in the current planning for engineering projects. Ageing infrastructure, a growing population, a resources boom and issues such as the drought, support a positive long term outlook for infrastructure spending, " he said. write your comments about the article :: © 2007 Construction News :: home page |