Engineering consultancy Cardno says local margins have been hurt amid a slowdown in urban development in Australia, along with it swinging and missing on bids for big projects.
The Brisbane-based infrastructure specialist, with more than 6400 staff globally, says it is taking steps to improve the situation. Business in North America and underlying earnings had also improved, Cardno said.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
