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Leighton Holdings Limited (ASX:LEI) has confirmed it is on track to reach its full year profit after swinging from a loss to a profit of $317 million in the first nine months of the 2012 financial year.
The construction company expects to deliver an underlying net profit of between $400 and $450 million over the full 2012 calendar year.
Leighton has noted a slowdown in activity in the mining sector but says this has not impacted its full year forecast.
Leighton had $45.3 billion work in hand at the end of September which it advises was broadly in line with June levels, after adjusting for the sale of Thiess Waste Management and foreign exchange movements.
Shares in Leighton Holdings closed 0.33 per cent lower at $18.30 before the announcement was made yesterday.
Leighton generated net profit of $106 million in the first half of the 2012 financial year.
