Downer's first-half NZ revenue flatlines as Hawkins, utilities make up for slower transport sales

Thu, 07 Feb 2019

By Paul McBeth Feb. 7 (BusinessDesk) - Downer EDI's New Zealand business reported flat first-half sales as gains from its Hawkins construction and utilities businesses made up for weaker sales from transport infrastructure. Sydney-based Downer's revenue from the New Zealand and the Pacific Islands was largely unchanged at A$1.21 billion in the six months ended Dec. 31, lagging behind a group wide gain of 8.6 percent to generate sales of A$6.6 billion. The New Zealand transport division, which spans road and rail construction and main...

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