Leighton (LEI) Reaffirms Half Year Guidance


Leighton (LEI) Reaffirms Half Year Guidance

Leighton (LEI) Reaffirms Half Year Guidance

Leighton Holdings Limited offers a variety of project development and contracting services to public and private sector clients in the Asia-Pacific region.

 

Leighton provides design management, civil engineering construction, building, mining, process engineering, telecommunications, waste management and infrastructure operation and maintenance and property development and management. Leighton is listed on the Australian Stock Exchange and is a member of the S&P/ASX 200.

Leighton reaffirmed its guidance of $100- $150 million in underlying net profit for the six months to 30 June 2012. The group also confirmed its full year profit of $400-$450 million.

The company noted that for the March quarter it expects a loss of $80 million due the performance of Airport Link and the Victorian Desalination Project.

CEO Hamish Tywhitt said that “the Leighton Group’s diversification strategy, underlying strength and positive outlook is reflected in our work in hand which remains around $45 billion with a further $11.5 billion that runs out beyond five years”

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