Business Services Industry
Downer EDI looks to restore investor confidence.
Australasian Business Intelligence, February, 2007
Byline: Henry Byrne
Feb 22, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The fortunes of Australian-listed engineering contractor, Downer EDI, are looking up. The group will announce a profit on 23 February 2007, which should lift investor confidence in the group. On 22 February 2007, Downer EDI stock closed at $A7.37. The company had a challenging year in 2005-06, but the management has put these challenges behind it. CEO Stephen Gillies is confident that investors will see the true value of the business. The group will not buy businesses overseas to lift profits, but has outsourced some manufacturing to China.
Publication Date: 23 February 2007
DOWNER EDI LIMITED - ASX DOW
ILUKA RESOURCES LIMITED - ASX ILU...
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