AUSTRALIA

Clough back in black

ENGINEERING and construction company Clough has turned around with a net profit of $66.6 million for the year ended June 30, 2008, due in part to strong operational results.

Clough back in black

This compares with a net loss of $105.3 million in the previous financial year as a result of contractual disputes with ONGC in India and Origin Energy in Victoria. The company added that cash balances...

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