Downer EDI (ASX:DOW) revises its NPATA guidance for the year - Sequoia Direct

23JanJanuary 23, 2020

Downer EDI (ASX:DOW) revises its NPATA guidance for the year

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/275064/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines04_360_200123.jpg’]

Downer EDI (ASX:DOW) announced today that its NPATA guidance for the 2020 financial year had been revised down to $300 million.

The revision is to reflect project underperformance in Engineering, Construction and Maintenance with increased the forecast net costs by $43 million.

Meanwhile, Downer EDI announced today that it had been awarded a five-year contract, valued at approximately $600 million, to provide mining and related services at the Meandu Mine in Queensland.

Shares in Downer EDI (ASX:DOW) are trading 22.1 per cent lowe at $6.82.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

08AprApril 8, 2021

Immutep (ASX:IMM) receives fast track approval for lead product ‘efti’

08 April 2021 - Biotechnology company Immutep (ASX:IMM) has received a fast-track approval from the United States Food and Drug Administration (FDA) for its lead product ‘efti’.

25OctOctober 25, 2024

Stocks of the Hour: Godolphin Resources, Talga Group, BTC Health

25 Oct 2024 - A snapshot of the stocks on the move, featuring Godolphin Resources (ASX:GRL), Talga Group (ASX:TLG) and BTC Health (ASX:BTC).

26AugAugust 26, 2019

Amaysim NPAT from continuing operations at a $7.4 million loss

26 Aug 2019 - Amaysim Australia (ASX:AYS) today announced its results for the full year ending 30 June 2019 showing statutory net revenue of $508.3 million, up 7.8 per cent on last year.

12JanJanuary 12, 2021

Nuhearas (ASX:NUH) earbuds launched by US company HP

12 Jan 2021 - Nuheara’s (ASX:NUH) earbuds have been launched by US company HP under a supply deal announced on December 29.

13DecDecember 13, 2019

Mount Gibson Iron (ASX:MGX) appoints new executive director

13 Dec 2019 - The board of Mount Gibson Iron (ASX:MGX) has appointed Ding Rucai as a non executive director.

15JulJuly 15, 2025

Hot Stocks: Hazer Group, Trek Metals, Miramar Resources

15 July 2025 - A look at some of the companies making the news this morning.

21FebFebruary 21, 2021

Cochlear (ASX:COH) shares rise on reports of strong global growth

19 Feb 2021 - Cochlear (ASX:COH) report strong growth in the US, Japan, Korea and China, improving momentum in Western Europe and a slower recovery across most emerging markets.

12AprApril 12, 2021

Booktopia (ASX:BKG) inks exclusive partnership with Zookal

12 Apr 2021 - Book e-commerce platform Booktopia (ASX:BKG) has announced its exclusive supplier and fulfillment partnership with Zookal Textbooks.

12SepSeptember 12, 2019

Oceania Healthcare moves forward with plans for five new buildiings

12 Sep 2019 - Oceania Healthcare (ASX:OCA) has obtained another significant resource consent from Auckland Council for the redevelopment of its Elmwood Village in Auckland.

25OctOctober 25, 2023

Stocks of the Hour: QX Resources, Chimeric Therapeutics, Peako, IVE Group

25 Oct 2023 - A snapshot of the stocks on the move, featuring QX Resources (ASX:QXR), Chimeric Therapeutics (ASX:CHM), Peako (ASX:PKO) and IVE Group (ASX:IGL).