CIMIC (CIM) $15.89

CIM -7.13%: the engineering company was the worst performer today after coming in at the low end of guidance in the full year result. Earnings were up 15%, but a 5% miss to consensus at $405m. Operating cashflow was a disappointing loss  of $172m despite 8% revenue growth. They are seeing a tailwind of infrastructure spending which helped the company win more than $20b in work for FY21 however their guidance also disappointed. NPAT for FY22 is expected between $425m-$460m, a 6% miss to consensus at the midpoint.

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CIMIC (CIM)

LAST UPDATED 10/02/2022 17:07

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CIMIC (CIM)

LAST UPDATED 10/02/2022 17:07