Downer EDI strengthens EBIT, NPAT and total revenue

Company News

by Jessica Amir

Downer EDI Limited (ASX:DOW) has reported a rise in net profit after tax, a jump in EBIT and a rise in total revenue for the half year ending 31 December 2016, compared to the prior period.

Downer EDI provides engineering and infrastructure management services, to the transport, energy, infrastructure, communications and resource sectors.

The group’s EBIT rose 6.7% to $120.8 million, compared to the prior corresponding period.

The company says it experienced strong performance on its existing contracts and improved contributions from infrastructure projects, which include the Newcastle Light Rail.

Downer EDI Limited (ASX:DOW) reported a net profit of $180.6 million at 30 June 2016.
 

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