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News: DOW Downer EDI updates on bid costs relating to new intercity fleet

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    Aug 18 (Reuters) - Downer EDI Ltd (DOW) :

    • Bid costs relating to new intercity fleet
    • Constellation rail consortium had not been successful in its bid to deliver and maintain the new intercity fleet for transport for NSW
    • Downer's share of pre-tax bid costs totalled $10 million and will now be expensed
    • As a consequence of expensing bid costs associated with new intercity fleet, downer's npat target for the 2017 financial year is now $163 million
 
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