AUSTRALIA

Clough looks to the future

BAD weather and site access issues have, as expected, reduced Clough's 2011 financial year net profit and underlying earnings but the company says its balance sheet and order book have "never been in better shape".

Clough looks to the future

Net profit for the year dropped 33% to $33.3 million while underlying earnings were down 25% from $63.6 million in FY 2010 to $47.2 million. In May, Clough issued a profit warning due to weather disruptions...

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