Dec 17 (Reuters) - CIMIC Group Ltd (CIM) :
- SETTLEMENT ACHIEVED ON WEST GATE TUNNEL
- CIMIC GROUP LTD NOW SEES STATUTORY AND UNDERLYING NPAT OF A$400-430 MILLION FOR 2021 FINANCIAL YEAR
- CPBJH JV CONTRIBUTION WILL BE A NEGOTIATED REDUCTION OF REVENUE OF A$600 MILLION
- CPBJH JV WILL FOREGO PROFIT MARGIN FROM PROJECT
- SETTLEMENT ALLOWS TUNNELLING WORKS TO COMMENCE IN EARLY 2022 WITH A REVISED EXPECTED COMPLETION DATE OF LATE 2025
- SETTLEMENT INCREASES CONTRACT VALUE OF PROJECT TO CPBJH JV TO A$8.57 BILLION FROM A$4.99 BILLION
- TERMS PROVIDE FOR CONTRIBUTIONS FROM VICTORIA STATE (A$1.9 BILLION), TRANSURBAN (A$2 BILLION) TO ENSURE PROJECT COMPLETION
News: TCL Cimic Group Says Settlement Achieved On West Gate Tunnel Project
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Last
$13.27 |
Change
-0.120(0.90%) |
Mkt cap ! $41.32B | |||
| Open | High | Low | Value | Volume |
| $13.25 | $13.34 | $13.21 | $25.54M | 1.924M |
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| No. | Vol. | Price($) |
|---|---|---|
| 47 | 9941 | $13.27 |
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| Price($) | Vol. | No. |
|---|---|---|
| $13.28 | 11499 | 31 |
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| TCL (ASX) Chart |