CIM cimic group limited
Add to My Watchlist 0.00% ! $22.00

Confirms $1B loss after Middle East exit

  1. Herald1337
    471 Posts.
    lightbulb Created with Sketch. 34
    clock Created with Sketch.
    05/02/20
    11:28
    Post #: 42754422

    CIMIC Group (ASX:CIM) confirms $1B loss after Middle East exit



    • Australia's largest listed construction company, CIMIC Group (CIM) has reported a $1 billion loss for the year ending December 31 2019
    • The loss comes after it left its position in BIC Contracting (BICC) to focus its resources in Australia, New Zealand and Asia Pacific
    • CIMIC says its statutory profits were negatively impacted by a one-off post-tax impact of $1.8 billion

    Click to view full article

    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

AII Building assets, producing critical minerals and slashing dependency on China
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.