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Cimic Group Limited

( ASX:CIM ) - ASX200 Capital Goods

News

CIMIC Slumps On Middle East Write-Off

Shares in construction and contracting group, CIMIC (The old Leighton Holdings) took a hammering yesterday (like those of Downer EDI did) after it revealed a big clean up and review of its businesses that will see it take a $1.8 billion dollar post-tax impairment on a Middle Eastern company.

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CIMIC Dumped After H1 Results

When the half year results for contractor and engineering group CIMIC (the old Leighton Holdings) were slipped out on Tuesday night, well after trading had closed, they looked odd – a small rise in profit on a 30% plus plunge in revenue.

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