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Leighton reports its profit down 25%

Australia's Leighton Holdings Ltd had reported a profit attributable to members of $217m for the 6 months to December 2010, down 25% from $289m last year. Gains on the sale of 35% of Leighton India were overshadowed by ongoing difficult conditions in Middle East construction and Australian property markets; cost overruns at the Airport Link project in Queensland; wet weather in Queensland and Indonesia; and the high value of the Australian dollar.



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