Downer Group Finance

Opinion

A bond portfolio to beat the biggest

Ian Silk, Chief Executive of the $100 billion Australian Super fund, has dispelled any doubt that we are stuck in a low interest, low inflation environment, announcing this week that Australian Super’s Balanced Fund had returned 4.54 percent for the 2015 to 2016 year

Company updates

Downer 1H16 profit down 24% but balance sheet remains strong

Downer has reported its results for 1H16. Net profit after tax is down 24% to $72m reflecting the intense and challenging conditions in the mining and energy markets but the company is guiding an improvement in earnings in the second half. The company’s balance sheet is in a healthy position with gearing at 8.4% and available liquidity of $1.0bn. We remain comfortable with the credit

Company updates

Downer 1H15 results

Downer’s performance reflects the challenging conditions facing the mining-related services sector. All key financial measures are down in 1H14, and mining based construction and services markets remain subdued