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Leighton Holdings Limited (ASX:LEI) has reduced its forecast profit for the 2012 calendar year.
It has identified the Airport Link along with the Victorian Desalination Project as financially declining and has therefore reduced its forecast underlying profit to between $400 million - $450 million.
Leighton had originally forecast between $600 million - $650 million.
Leighton posted a net profit of $345 million for the six months to 31 December, 2011.
