Grant Fenn

Type: Person
Name: Grant Fenn
First reported Aug 05 2014 - Updated Aug 05 2014 - 1 reports

Looming doldrums hit Downer

Engineering group Downer EDI has announced a 2013-14 full-year net profit increase of 5.9% to $A216m. However the EBIT result was 4.9% weaker at $A341m as the waning of the mining boom affected the contractor, and revenue also declined 15.3% to reach ... [Published Individual.com - Aug 05 2014]
First reported Aug 05 2014 - Updated Aug 05 2014 - 1 reports

Downer's hope lies in diversifying

Downer EDI has advised that its after-tax net profit for 2014-15 is likely to be around $A205m, compared with $A216m in 2013-14. Its mining services, infrastructure and rail divisions all recorded lower EBIT in 2013-14. Meanwhile, CEO Grant Fenn has flagged ... [Published Individual.com - Aug 05 2014]
First reported Aug 05 2014 - Updated Aug 05 2014 - 1 reports

Good numbers to open reporting season

Two key groups have shown positive results as the reporting season kicks off this week .Posting their full-year results today, engineering group Downer EDI has lifted its full-year profit almost six per cent, while toll roads operator Transurban has recorded ... [Published In Daily - Aug 05 2014]
First reported Aug 05 2014 - Updated Aug 05 2014 - 3 reports

Mining gloom deepens with no bottom in sight

The gloom hanging over the mining sector has deepened following the collapse of a labour hire company putting thousands of jobs at risk just as contractor Downer EDI warned of falling profits.Drill service outfit Ausdrill also suspended trading in its ... [Published WA Today - Aug 05 2014]

Quotes

"the share price reaction to the goonyella loss was overdone, and we trade at a 40 per cent discount to pretty mediocre peers" Mr Fenn said
"downer's balance sheet is in very good shape and strong operating cash flows are expected into the future. downer is in a good position to take advantage of growth opportunities, including m&a, but any prospect will be subject to robust risk assessment" Mr Fenn said

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Looming doldrums hit Downer [Published Individual.com - Aug 05 2014]
Downer's hope lies in diversifying [Published Individual.com - Aug 05 2014]
Good numbers to open reporting season [Published In Daily - Aug 05 2014]
Mining gloom deepens with no bottom in sight [Published WA Today - Aug 05 2014]
Downer reports full year net profit after tax o... [Published Noodls - Aug 05 2014]
Mining sector 'under pressure' [Published Melbourne Age - Aug 05 2014]
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