Cardno Limited
(ASX:CDD) says its recent strategic review has identified key targets that will return the company to profitability.
The board of directors of the infrastructure and environmental services company has voted to implement three priorities in a bid to focus on profitable growth.
Cardno will move to reduce debt and improve earnings with range of short and medium term actions that include reducing working capital by at least $60 million by the end of the year.
The company will also divest non-core business and focus on client sectors that deliver potential growth as well as concentrating on investing in a smaller and more concentrated client and geographical base.
Cardo reported a net loss of $145.17 million for the 2015 financial year.
