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CIMIC back in profit but cash flows crunched

Jenny Wiggins
Jenny WigginsInfrastructure reporter

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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.

New CIMIC executive chairman Juan Santamaria has been in control of the construction group since November. 

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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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    Original URL: https://www.afr.com/companies/infrastructure/cimic-back-in-profit-but-cash-flows-crunched-20210209-p570xl