Australian Stock Report - Share Tips
Transfield Net Profit Down
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Publish date: Wed, 04 Apr 2012, 03:55 PM
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Transfield Net Profit Down
TRANSFIELD SERVICES LIMITED (TSE) listed since 2001 and included in S&P/ASX 200, is an international provider of operations, maintenance, asset management and project management services. Clients of Transfield Services include major national and international companies, as well as all levels of government.
Transfield announced that it expects net profit for FY12 to be $105 million, down from previous guidance of between $130 million to $135 million.
The company said its resource sector services company Easternwell had been hit by $7.4 million of unforeseen costs relating to a recent cyclone in Western Australia and wet weather in Queensland.
Bad weather in South Australia also was linked to another $1.6 million in unforseen costs.
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