News: Downer EDI swings to H1 profit

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    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.

 
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