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AUSTRALIA'S DOWNER EDI SEES US$120 MLN PROFIT IN FY2006-07.
SYDNEY, Nov 1 Asia Pulse - Downer EDI (ASX:DOW) says it is expecting a net profit of $A155 million ($US119.82 million) for 2006/07.
The company expects growth in revenue to $A5.2 billion ($US4.02 billion) and earnings before interest and tax (EBIT) of $275 million for the year.
Chairman Barry O'Callaghan said that notwithstanding non-recurring items, 2005/06 was a year that pointed to a strong future for the engineering company.
"The financial year 2007 outlook is for growth in revenue to .2 billion, EBIT of $275 million and and NPAT (net profit after tax) of $155 million," he told shareholders at the company's annual general meeting.
Over the coming year, Downer EDI would have an even more rigorous approach to the contracts it entered into, and would apply more stringent strategies to mitigate risks in the business, Mr O'Callaghan said.
"At the same time, the board recognises that we need to be careful that in the industries we are in, we do not get too risk averse, to the extent that we stifle our ability to grow," he said.
"The reality is that in a booming infrastructure sector, risks are exacerbated by a shortage of resources, including skilled people."
- DOWNER EDI DOWN 1.3% ON FIRM VOLUME.
- Magazine article from: Ozequities News Bites December 14, 2006 700+ words
...NEWS BITES STOCK REPORT Downer EDI (DOW) was down 9c...to June 30, 2006 the EBIT margin was 5.06...were 0.66. ACTIVITIES Downer EDI consists of a group of...the shares. SECTORS Downer EDI is in the following sectors...
- DOWNER EDI DOWN 1.4% ON FIRM VOLUME.
- Magazine article from: Ozequities News Bites November 28, 2006 700+ words
...NEWS BITES STOCK REPORT Downer EDI (DOW) was down 10c...to June 30, 2006 the EBIT margin was 5.06...were 0.66. ACTIVITIES Downer EDI consists of a group of...the shares. SECTORS Downer EDI is in the following sectors...
- AUSTRALIA'S DOWNER EDI POSTS LOWER FY PROFIT.(Financial report)
- News wire article from: AsiaPulse News August 21, 2007 700+ words
...before interest and tax (EBIT) and a "substantially...The outlook in 2008 for Downer EDI is positive, underpinned...billion, while underlying EBIT was in line with guidance...million. Downer's EBIT grew across its mining...passenger train fleet. Downer EDI declared a final ...
- AUSTRALIA'S DOWNER EDI TO ACQUIRE 75 PCT OF NEW ZEALAND'S EXCELL.
- News wire article from: AsiaPulse News September 3, 2008 700+ words
...our Works division," Downer EDI managing director Geoff...as usual," he said. Downer EDI recently reported a 63...before interest and tax (EBIT), before significant...billion. On August 21, Downer EDI said it expected "low...
- AUSTRALIA'S DOWNER EDI BUYS SNOWDEN CONSULTING GROUP.
- News wire article from: Asia Africa Intelligence Wire December 20, 2004 700+ words
...growth for the company. Downer EDI managing director Stephen...said in a statement. A Downer EDI spokesman said Snowden...before interest and tax (EBIT) multiple than the acquisition...multiple of 6.9 times. Downer EDI shares closed two cents...
- AUSTRALIA'S DOWNER EDI BUYS SNOWDEN CONSULTING GRP.
- News wire article from: Asia Africa Intelligence Wire December 20, 2004 700+ words
...growth for the company. Downer EDI managing director Stephen...said in a statement. A Downer EDI spokesman said Snowden...before interest and tax (EBIT) multiple than the acquisition...multiple of 6.9 times. Downer EDI shares closed two cents...
- DOWNER EDI HAS $25M LOSS ON ONE-OFFS; PRE-ADJUSTMENT PROFIT UP 32.7% AND...
- Magazine article from: Ozequities News Bites August 8, 2006 700+ words
...compared with 18c last year. Downer EDI said in the report the...outlook is positive for Downer EDI with forecast revenues...2 billion and forecast EBIT of $275 million, leading...less than 10 percent of Downer EDI's revenues. EPS on...
- ENGINEERING FIRM DOWNER EDI POSTS 63PCT PROFIT RISE.(Financial report)
- News wire article from: AsiaPulse News August 21, 2008 700+ words
...Asia Pulse - Engineer Downer EDI (ASX:DOW) has announced...digit" growth ahead. Downer EDI posted net profit for...before interest and tax (EBIT) rose 118.5 per cent...dividends are not franked. Downer EDI services the public and...
- SHARES OF AUSTRALIA'S DOWNER EDI FALL AFTER FLAT PROFIT FORECAST.(Financial...
- News wire article from: AsiaPulse News November 2, 2007 700+ words
...Nov 2 Asia Pulse - Downer EDI Ltd's (ASX:DOW...before interest and tax (EBIT) for the year will be...double-digit growth in EBIT and substantially improved...He said underlying EBIT for the three months...57 billion). "... Downer EDI is well positioned to...
- AUSTRALIA'S DOWNER EDI EXPECTS FLAT EARNINGS THIS FINANCIAL YR.
- News wire article from: AsiaPulse News November 2, 2007 700+ words
...Construction and engineering giant Downer EDI Ltd (ASX:DOW) has warned its earnings...earnings before interest and tax (EBIT) and substantially improved profit...US136.57 billion). "... Downer EDI is well positioned to capitalise on...
Source: HighBeam Research, AUSTRALIA'S DOWNER EDI SEES US$120 MLN PROFIT IN FY2006-07.