Revenue ($m) 5826.3 down 10.4pc from year-earlier 6508.9
EBIT ($m) 162.4 v 180.4
Net profit ($m) 73.9 v 86.3
Interim dividend 9c v 14c, payable on March 25
Downer EDI will weather the COVID-19 pandemic because it now generates most of its income from government urban services contracts, chief executive Grant Fenn said after the contractor delivered a 17 per cent drop in interim net profit to $75.6 million.
Downer CEO Grant Fenn: ‘it’s governments spending the money.’
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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
