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New Clough boss Kevin Gallagher has taken over just as the company revises its forecasts downwards.

Clough downgrades profit expectations

Clough announced today it anticipates underlying earnings for the current half year will be lower than analysts expectations, following cost overruns and lowered margins.

The company said underlying earnings from operations are expected to be around $22 million, with underlying net profit after tax around $19 million.

Analysts had predicted underlying earnings to be between $25 and $27 million, according to the company.

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Engineers

3rd-GHD350
4th↑AECOM310
5th-Clough290
6th↑KBR268
7th↓Jacobs Engineering230
142 engineers ranked by number of engineers in WA

Number of Employees

Engineers

7thWorleyParsons1,066
8thUGL1,050
9thClough870
10thKBR833
11thErtechNFP

Share Transactions

24/04/13
$11k Bought
24/09/10
$2.4m Sold
09/09/10
$1.7m Bought
Total value as at the date of the transaction
Source: Morningstar

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