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News: Downer affirms FY guidance as H1 profit dips

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    Downer EDI Limited (ASX:DOW) has affirmed its annual profit guidance despite posting a first half profit dip. 
     
    The engineering company saw its interim net profit slip 4.4 per cent to $94.7 million in over the last six months of 2014. 
     
    Looking ahead the company has confirmed it expects to deliver a net profit of about $210 million over the full 2015 financial year.
     
    Today’s results come just one day after Downer announced it has struck a 10-year maintenance agreement with Pacific National valued at about $1 billion.
     
    A fully franked interim dividend of 12 cents per share has been declared. 
 
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