Takeover target Leighton Holdings Limited (ASX:LEI) has confirmed its full year forecast as its Chairman has announced his imminent departure.
The construction company’s chief told shareholders at the AGM today the year has started well after positive quarterly results.
As a result Leighton expects to meet its guidance of a full year underlying net profit after tax between $540 million to $620 million.
Chairman Robert Humphris has also announced he will retire once he has overseen an orderly transition.
Leighton is currently the subject of a $1.2 billion takeover by majority shareholder Hochtief, controlled by Spanish company ACS.
Leighton reported a net profit of $469 million in the 2013 calendar year.
