DOW 0.87% $5.71 downer edi limited

trading holt, page-7

  1. 3,281 Posts.
    The Australian:

    DOWNER EDI has foreshadowed more delays and cost overruns for the Waratah Train contract tendered by the NSW government.
    The engineering group's shares were placed in a trading halt ahead of announcement by the company about the contract.

    The company said the announcement will be in relation to a delay to presenting the first train set to NSW for practical completion, production delays to subsequent trains sets due to asbestos contamination at a factory, and "manufacturing production schedule and project costs".

    Downer also said it would outline its manufacturing production schedule and project costs.

    It expects to make an announcement by Thursday morning.
 
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