HLG Bags Abu Dhabi Port's KIZAD Contract
The Habtoor Leighton Group (HLG) has been awarded a contract with revenue of AED263 million (AUD96 million) for the construction in Abu Dhabi of Khalifa Industrial Zone (Kizad) Area A Secondary Infrastructure (Phase 1B) for Abu Dhabi Ports. The methodology will include extensive dewatering, excavation, pipe-laying and road construction works. HLG has been involved in the construction of different phases of Khalifa Port and Kizad in Abu Dhabi and is very proud to again be selected by Abu Dhabi Ports to deliver this project. HLG CEO and Managing Director, Mr. José A. López-Monís, said: “This new award is a great achievement that proves the Group remains a preferred contractor for clients to whom HLG has demonstrated its ability to deliver complex and high quality projects.
Leighton Reports Q3 UNPAT up 21%
Leighton Holdings Limited today announced its unaudited results for the nine months to 30 September 2014. Executive Chairman and Chief Executive Officer, Mr Marcelino Fernández Verdes, said: “The Leighton Group produced a strong result in the third quarter. Underlying net profit after tax1(UNPAT) of $470 million was up 21% from $389 million in the previous corresponding period. Reported net profit after tax (NPAT) of $430 million also compared favourably with the same period in 2013, when NPAT of $444 million included a one-off gain of $115 million from the sale of 70% of the Group’s telecommunications assets. Mr Fernández Verdes said: “Looking at the balance sheet and cash flow…
Leighton HY14 net margin Up to 2.7%
Leighton Holdings announced its results for the six months to 30 June 2014. * EBITDAiii of $843 million. * NPAT of $291 million. * Gearing of 37.1%. * Interim dividend of 57 cents per share, 25% franked, an increase of 27% on HY13. The Leighton Group reported an increase in total revenue during HY14 of 3% on HY13, driven primarily by growth in construction work, which rose 5% to $7.7 billion. Executive Chairman and Chief Executive Officer Marcelino Fernández Verdes said: “I’m pleased to report the Leighton Group net margin again expanded during the period, continuing a steady improvement from 1.0% in HY12 to 2.7% in HY14. The Group’s…
Habtoor Leighton Awarded Doha Pipeline Project
for KAHRAMAA – Qatar’s General Electricity and Water Corporation. HLG, operating as Leighton Contracting (Qatar) WLL, is responsible for the supply, installation, testing and commissioning of 120km of 1600mm diameter ductile iron pipes and fittings. Works also include trench excavation, backfilling and construction of all valve chambers. This contract brings the total value of new project awards to HLG during 2014 to AED7.4 billion (US$2 billion) – close to doubling HLG’s December 2013 work in hand to AED16.5 billion (US$4.48 billion). The pipelines project is the fifth project awarded to HLG by KAHRAMAA. KAHRAMAA was for the construction of the Duhail and Umm Qarn Reservoirs in 2009.
Leighton Chairman retires, Executive Chairman & 2 Directors appointed
Leighton Holdings Chairman, Mr Bob Humphris OAM, has announced his retirement as Chairman and his resignation as a Non-executive Director effective as of today. Mr Humphris signaled his intention to retire at the Company’s recent Annual General Meeting in May. Mr Humphris said: “It has been a privilege to be involved with Leighton for the last nine and a half years and as Chairman for the last year. However it is now time for me to retire from corporate life and to hand over to a new team. I look forward to watching Leighton grow and prosper in the future, building on the professionalism of our staff and, in particular, the Group’s very strong ‘can do’ culture.
