Engineering woe sees Lendlease dive into red

By Dave Rogers2019-02-25T12:22:00

Firm says division is ‘no longer required’ at group

Lendlease saw group profit nosedive in the first half with the firm blaming the slump on the poor performance of its Australian engineering and services businesses.

Net profit after tax for the six months ended 31 December came in at A$15.7 million (£8.6m), down from A$425.6 million (£233.5) in the previous year, the company said in a statement.

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