Company updates
Virgin has delivered a much improved performance in 1H16, driven by improved operating performance and lower fuel costs. The company is targeting a significant improvement in credit metrics by FY17
Company updates
The group reported weaker results due to: unfavourable growing conditions, lower sugar prices and higher maintenance costs. However, MSL remains in a solid credit position given its extensive asset base and financing flexibility
Company updates
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