Downer is a diversified company with a range of divisions including mining, engineering, construction and transport. It manufactures and maintains trains and trams, builds bridges and maintains power stations. Via Spotless it also has a major asset maintenance, cleaning and laundry management business.
Management also updated the market on the company’s 2020 full-year results, forecasting underlying EBITA (earnings before interest, tax and amortisation) of $410 million to $420 million, and underlying NPATA (net profit after tax and amortisation) of $210 million to $220 million.
But the company is expecting a statutory net loss in the range of $150 million to $160 million for the year. The result has been dragged into the red by a serie…
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