Leighton declares tough 2011 following major tunnelling losses

摘要

Leighton Holdings Group chairman Stephen Johns said that the 2011 financial year had held 'serious challenges' for Leighton. Johns was speaking at its 50th AGM last month. The Brisbane Airport Link was a blow to the company. Along with the Victoria Desalination project, Johns described it as a complex issue that was financially unacceptable. In February Leighton estimated full-year profits of AUD 480M (USD 476M). By April the outlook had become a AUD 427M (USD 423.5M) loss.