Cimic, Australia’s biggest construction group, says it has fully repaid all money owed on supply chain finance programs as it delivered a 36 per cent drop in net profits to $303 million in the nine months to September.
The company reported net profits of $474 million in the year-earlier period. Adjusted for the partial sale of Thiess in 2020, nine-month profits were flat on a year earlier.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Bluesky: @jennywiggins.bsky.social Email Jenny at jwiggins@afr.com
