Opus International flags $5.5 million bill after missing out on project

Tue, 28 Oct 2014

By Suze Metherell Oct. 28 (BusinessDesk) - Opus International Consultants, the listed engineering firm, flagged the loss of an undisclosed project will weigh on profit margins and cost it $5.5 million in the year. The loss of the large project, which was in "a non-traditional discipline with unique and unusual complexities", would weigh on its New Zealand earnings, the Wellington-based company said in a statement. First-half margins were squeezed by the loss on a project and bidding costs of $1.9 million, and those costs were expected to...

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