|Bid||6.80 x 34000|
|Ask||6.81 x 271100|
|Day's range||6.79 - 6.95|
|52-week range||5.17 - 7.42|
|PE ratio (TTM)||19.43|
|Earnings date||31 Jan. 2018 - 5 Feb. 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||7.36|
India's Adani group has cancelled all contracts awarded to a major contractor for its controversial Carmichael coal mine after deciding to develop the project on its own. Engineering group Downer EDI on Monday said it had mutually agreed with Adani to end all contracts awarded to it since 2014. The decision comes at a time when the Indian group has been struggling to secure funding for the first stage of the Carmichael project, that is in the north of the Galilee Basin in Central Queensland.
A joint venture between engineering group Downer EDI and Ausenco has secured a contract for engineering, procurement and construction work at Oz Minerals' Carrapateena copper gold mine project in South ...
The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) is expected to outperform other developed markets in 2018 and these are the stocks that are tipped to outperform.
Downer EDI Limited (ASX:DOW) is the best performing stock on the S&P/ASX 200 Index today following a profit upgrade. But there are four things you need to know before getting excited.
Shares in Downer EDI have jumped after the engineering group lifted its full-year profit because of larger-than-expected cost savings uncovered following its purchase of Spotless. Downer, which owns 87.8 per cent of the property services firm after a lengthy takeover struggle, upgraded its net profit guidance to $195 million from April's $190 million following a review that identified $25 million of cost savings and "significant" revenue opportunities. The hit includes redundancy and transaction costs, a goodwill impairment against Spotless' laundries business, and a write-off of business at the new Royal Adelaide Hospital.
Engineering group Downer EDI has upgraded its full-year profit guidance after identifying larger-than-expected cost savings following its purchase of a 87.8 per cent stake in Spotless. Downer upgraded its net profit guidance to $195 million, from April's $190 million, after a review identified $25 million of cost savings. Revenue opportunities are also significant and continue to increase, Downer says.
Downer EDI Limited (Downer) announced today it had been awarded a contract by NBN Co Limited (nbn™) to deliver design and construction services in relation to new Fibre to the Curb (FttC) technology. The ...