Community takes fight for rail to the Supreme Court
Rail corridor between Glenfield and Macarthur earmarked for medium density
Rail Trail boost to tourism - and local economy
Newcastle rail case may be long wait
Save Our Rail questions semantics argument over rail line cut
North West Rail Link corridor to extend through to Marsden Park
Camurra West to Weemelah Line Booked Out of Use
Rail Trail full steam ahead
John Holland Commissions Electronic Train Orders
Closure of Newcastle rail stations not technically a closure of whole line, State Government lawyer says
Downer EDI managing director Stephen Gillies said there were so
many growth opportunities on offer that the group must resist the
urge to act like "a child let loose in a sweet shop".
Mr Gillies told shareholders at the annual meeting the
engineering group had entered 2005-06 in its strongest position
"Our pipeline of organic growth opportunities has never been
better and our focus is increasingly on financial year 2007 and
beyond," he said.
Mr Gillies said Downer was targeting "moderate" sales growth in
the range of 8 to 10 per cent this financial year, although strong
demand would probably mean the company exceeded its forecast.
Annual net profit is expected to rise faster than sales
Downer reported a 28 per cent lift in annual net profit to
$104.4 million for 2004-05. The group was focusing on improving the
quality of earnings rather than sales growth, Mr Gillies said.
"This will be achieved by continuing our focus on the services
side of our businesses, continuing to secure contract renewals and
extensions and growing the proportion of alliance style contracts
where we jointly manage and share execution risks with our clients
in a tight market for human resources," he said.
Downer had previously forecast 8 per cent sales growth for this
Mr Gillies attributed Downer's revised guidance for sales growth
to continued strong demand across the industry.
Revenues at the rail business are expected to improve in 2005-06
reflecting full-year contributions from maintenance contracts for
Sydney's millennium train and rail cars in Perth, as well as trains
at BHP Billiton's Pilbara mine.
NSW government-owned RailCorp is expected to announce the
preferred bidder for the public-private partnership to supply and
maintain 498 rail cars for Sydney's CityRail network in early 2006.
Downer has submitted a bid as part of the Reliance Rail
Downer EDI shares ended 9c higher at $6.29.
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.