Opus International misses 1H profit expectations as NZ business struggles on Mainzeal, local govt spend

Opus International misses 1H profit expectations as NZ business struggles on Mainzeal, local govt spend
By Paul McBeth Aug 13 (BusinessDesk) - Opus International Consultants, the engineering firm with one of four mandates to lead design the Christchurch rebuild, posted a 13 percent decline in first-half earnings, missing estimates, as its local business was hurt by the Mainzeal liquidation and lower local authority spending. Net profit fell to $9.4 million, or 6 cents per share, in the six months ended June 30, from $10.8 million, or 7 cents, a year earlier, the Wellington-based company said in a statement. That was below First NZ Capital’s fo...