1054 [Dow Jones] EARNINGS WATCH:Multiplex (MXG.AU) down 9 cents at A$3.18 after earlier falling to A$3.05, following FY05 results disclosing a further A$8.6 million loss on Wembley stadium project and overall construction division loss of A$62 million. With group operating as stapled property trust and construction/development/management company, result is quite complex and difficult to compare against both last year and expectations, probably explaining recovery from early fall as early fog lifts. Construction aside, other units appear performing well as group net profit up 72% to A$83.8 million. (WEL)
MXG Price at posting:
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