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Australia s Downer EDI sees $253 million annual loss on impairment charge, shares slip

Australia s Downer EDI sees $253 million annual loss on impairment charge, shares slip
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New south walesNavya mittalPeter tompkinsSubhranshu sahuDowner ediCapital groupGlenn yin

DOW ASX: Write-downs tip Downer to $386m annual loss

The contractor’s new boss, Peter Tompkins, is writing off almost $550 million of goodwill and assets ahead of its annual results next week.

Peter tompkinsMark menhinnittMichael quelchDowner edi

DOW - FY23 Guidance achieved, non-cash impairment charge

DOW - FY23 Guidance achieved, non-cash impairment charge
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Peter tompkinsManagement teamDowner ediIndividually significant itemsNet debtChief executive officerInvestor dayAustralian transport projectsUtilities cash generating unitsGoodwill impairmentUtilities australiaChief executiveAustralian utilities

Downer Expects A$386 Million Annual Loss on Hefty Impairments

By Stuart Condie SYDNEY Downer EDI expects to report an annual loss of 386 million Australian dollars (US$252.4 million) on impairments against both its.

New south walesStuart condiePeter tompkinsExecutive peter tompkinsArticle normalDiversified holding companiesBusiness consumer servicesFinancial performanceCorporate industrial newsContent typesFactiva filtersC amp ampe industry news filterDowner ediDow auAu dowIndustrial news

Downer EDI shares rebound, new CEO under pressure to deliver

As the management team comes under pressure to deliver on revised earnings forecasts next month, the company’s shares are up 24 per cent in two months.

John purtellMark menhinnittPeter tompkinsNathan reillySimon mawhinneyAllan grayVictoria supreme courtCourt justice john halleyAusnet servicesSouth koreaHyundai rotemSupreme court

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