They are diversifying from large one off resource projects (in WA) into infrastructure and maintenance nation wide. Done it very smoothly and on track with guidance. Growth will be next year and depend in part on takeovers for which they have cash. That limits dividends in short term, but long term exposure to electrification is a real plus. Very happy with progress. I think market will live with it and look at the potential down the track.
Ann: Half Year Results Announcement, page-5
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