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Feb 12, 2020

Downer EDI backs out of solar and coal construction

Downer EDI backs out of solar and coal construction

Downer EDI will no longer tender for fixed-price major construction contracts in the solar, coal or iron ore sectors. Chief executive officer Grant Fenn was commenting after construction losses weighed down the group’s financial performance in the first half of financial year 2020. The company reported an interim net profit of $91.4 million and had…

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