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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

4th-Wood Group320
5th↓AECOM310
6th↓Clough290
7th-Jacobs Engineering230
9th↑LycopodiumNFP
140 engineers ranked by number of engineers in WA

Number of Employees

Engineers

8thUGL1,200
9thWorleyParsons1,066
10thClough870
11thGeorgiou Group700
12thBechtel600

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
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