Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Downer EDI Provides Trading Update with Revised Guidance for FY 2020

23 Jan 2020  |  08:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Trading update with revised guidance for FY20

Downer EDI announced that its NPATA guidance for the 2020 financial year had been revised down to $300m. It has adjusted its forecast start dates for two Mining projects where it is the preferred services provider. This has had an impact on forecast earnings for the second half of $12m pre-tax. The Mining division has continued to perform strongly and following this adjustment is expected to achieve EBITA of between $90m and $100m for the 2020 financial year.

Please click here for full details

See more ASX300 News Announcements