A $382 million loss for the nine months to March hasn’t budged the positive outlook of Leighton Holdings Limited (ASX:LEI) executives, who say the company expects to return to profitability in 2011/2012.
The company says it expects to report a loss after tax of $427 million for the 2010/11 financial year, a result that is in line with its guidance.
In a statement released today, Chief Executive David Stewart said the company’s recent capital-raising had been well supported, and that Leighton was unlikely to pay a final dividend.
He also said the company has more than $7 billion worth of projects that are highly likely to be awarded in the next 12 months.
In the six months to December 31, 2010, Leighton Holdings posted a net profit of $218 million.
