CIMIC HY Profit Rises; Backs FY Profit View

CIMIC, formerly known as Leighton Holdings Ltd. (LEI.AX,LGTHF.PK), reported that its net profit after tax for the six months ended 30 June 2018 rose 12% to A$363 million from the prior year.

Revenue grew 11% to A$6.9 billion from the previous year.

CIMIC Group Executive Chairman Marcelino Fernández Verdes said, “CIMIC’s strong performance continued during the period, with substantial growth in all key indicators. We achieved double-digit increases in revenue and profit during the first half, and the pace of growth in work in hand accelerated in the second quarter.”

For 2018, the company still expects net profit after tax to be in the range of A$720 million to A$780 million.

by RTTNews Staff Writer

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