Downer EDI Limited
(ASX:DOW) has swung to a first half profit of $85 million from a loss of $105 million the year before.
The engineering company’s result was boosted by growth in its mining division.
In the last six months of 2011 Downer Mining generated a 79 per cent jump in revenue, coming in at $1.1 billion.
Downer EDI has confirmed it expects to deliver underlying EBIDTA of about $340 million and profit of about $180 million in the full 2012 financial year.
No interim dividend has been declared.
