CIM cimic group limited
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CIMIC Group (ASX:CIM) confirms $1B loss after Middle East...

  1. Herald1337
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    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

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