Chanticleer
Lendlease's engineering losses could hit $1.3 billion
Chanticleer is Australia's pre-eminent business column.
Lendlease Group chief executive Steve McCann must be experiencing a sense of déjà vu as the company heads for its worst annual financial performance since the global financial crisis a decade ago.
When McCann took over as CEO of Lendlease in 2009, the company had just digested write-downs on the carrying value of tangible and intangible assts of $909 million, which triggered a statutory loss of $653.6 million.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Companies
Fetching latest articles