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Shares in Cardno Limited (ASX:CDD) lost a quarter of their value after slashing its first half profit guidance.The infrastructure and environmental services consultancy expects to book an interim operating net profit after tax of between $27 million and $31 million.The anticipated result is significantly down from the company’s net profit of $43.1 million delivered the year before.CEO Michael Renshaw has blamed the downgrade on a number of factors including difficult conditions in Australia amid reduced investment in mining, oil and gas.Shares in Cardno plunged 24.95 per cent to close at $3.61 on Friday following the announcement.Cardno reported a net profit of $78.13 million in the full 2014 financial year.
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Last
26.5¢ |
Change
0.015(6.00%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 29.0¢ | 23.5¢ | $28.94K | 116.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23079 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 5500 | 1 |
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| Last trade - 11.52am 04/12/2024 (20 minute delay) ? |
| CDD (ASX) Chart |
