Infrastructure and engineering outfit Cardno has taken a $48 million hit on the local sector, only nine months after flagging the end of big financial impacts from “past mistakes”.
The Brisbane-based outfit, with 6000 staff globally, on Friday revealed a $48 million impairment charge against its Asia Pacific division.
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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
