Costlier projects depress projections

Downer EDI released NPATA guidance for FY20 which had been revised down to $300m. Project underperformance is expected in Engineering, Construction and Maintenance (EC&M)  at $43m pre-tax. As work progressed to achieve practical completion on a small number of loss-making construction contracts in the EC&M division, it has now become clear that the costs incurred during […]