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| Australia's top contractor, Leighton to downgrade profit forecast The directors of Leighton Holdings Limited today advised that the Company has completed a major review of its operations and asset base which has resulted in a revision of the profit forecast for the 2010/11 financial year. The Leighton Group now expects to report a loss of $427 million for the financial year versus its previous guidance for a profit of $480 million after tax. The revision is primarily due to writebacks of expected profit on the Airport Link project in Queensland and the Victorian Desalination Project, and an impairment of Leighton's investment in the Habtoor Leighton Group (HLG). write your comments about the article :: © 2011 Construction News :: home page |