AusRAIL, Market Sectors

Rail sales to bolster future profits: Downer EDI

<p>Rail and infrastructure demand has helped EDI Downer to a first-half profit of $35.6m &#8211 an increase of 41.3% over the same period last year.</p> <p>Downer EDI managing director Stephen Gillies said the record result sixth consecutive period of first-half growth and was a result of growth in energy, resources, rail and infrastructure.</p> <p>"Our market presence in these sectors, combined with major infrastructure expansion and refurbishment, will sustain our current revenue levels and underpin a favourable and sustainable outlook for Downer EDI for the next few years," Mr Gillies said.</p> <p>Sales for EDI Rail remained steady at $193m but the company said significant new orders during the period had consolidated the division’s "strong position across passenger and freight rollingstock supply and long-term maintenance".</p> <p>This will reinforce future earnings growth, the company said.</p> <br />