Downer EDI Limited (ASX:DOW) has reported a slight rise in its full year profit but flagged challenging conditions ahead.
The engineering company improved its net profit by 0.2 per cent to almost $216 million in the 2014 financial year.
Over the following year Downer expects its net profit to decline to about $205 million as tough commodity markets impact its major clients.
Downer has today also revealed an on-market share buy-back which it says forms part of its ongoing capital management strategy.
A final fully-franked dividend of 12 cents per share has been declared.
