Leighton Raises Half-Year Profit Outlook

Leighton Holdings Ltd (OTC: LGTHF) raised its half-year profit forecast.

Leighton expects underlying profit of around A$270 million (US$279 million) after tax for the final six months of 2011, versus its earlier forecast of A$250 million. It projects net profit of about A$340 million. The company had reported net profit of A$216.7 million in the year-ago period.

Leighton is scheduled to report first-half results on February 13.