Downer EDI lifts H1 profit

Group expects to meet FY profit target, H1 revenue declines.

Engineering group Downer EDI (DOW) says it is on track to meet its full-year forecast for net profit of $215 million, after posting a slight uptick in first-half profit.

In the six months to December 31, Downer posted a profit, after significant items, of $99.11 million, a 5.4% increase on the 94.04 million in the first half of previous fiscal year.

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