Leighton Holdings (ASX:LEI) is one of the world’s major contracting, services and project development organisations, and also the world’s largest contract miner.
It has been one of the shares to sell from the beginning of 2010, having lost almost 50% of its value since then.
Today, LEI lowered its FY11 net loss guidance to $408 million, from the previous $427 million.
LEI was also expecting to swing back to a $600 – $650 million profit in the FY12, driven by the expected completion of the Brisbane Airport Link.
The group was also more confident in its contracting divisions, which are winning a lot of new work in Australasia.
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