Lendlease sees dip in first half profit

By Hamish Champ2020-02-20T08:00:00

Firm sells loss-making engineering business

Lendlease said its construction arm had put in a “solid performance” as it announced an 11% dip in pre-tax profit for the six months to 31 December 2019.

Chief executive Steve MCann said the group’s construction operation posted revenues of A$4.3bn (£2.2bn), in line with expectations, and delivered a 2.3% margin.

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