Leighton Lowers Annual Profit Forecast

Leighton Holdings Ltd LGTHF lowered its annual profit forecast by 25% to 38%. Leighton now projects a full year underlying net profit of A$400 million to A$450 million and a first-half underlying net profit of A$100 million to A$150 million. Leighton earlier expected a full year underlying net profit of A$600 million to A$650 million.