Ausenco slashes guidance

Contractor issues second downgrade in a month, after interim profit slumps.

Engineering and construction group Ausenco (AAX) has slashed its full-year earnings guidance after its interim profit slumped on the back of a huge decline in earnings from its African operations.

A restructuring taken to shore up amid the global mining slowdown also hit its bottom line. 

In the half year to June 30, Ausenco's net profit sank to $3.5 million, from $20.3 million in the previous corresponding period.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles