CIMIC back in profit but cash flows crunched
Jenny WigginsInfrastructure reporter
Key Points
- Revenue ($m) 7802.4 down 27.8pc from year-earlier 1086.1
- Pre-tax profit ($m) -1701.4 v -2229.8
- Net profit ($m) 620.1 v -1039.9
- Final dividend 60c payable on July 5
Construction group CIMIC has swung back into profit after a massive loss a year earlier but cash flows are being squeezed by project delays and write-offs as new executive chairman Juan Santamaria takes a more conservative approach to the company’s books.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
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