John Holland says most projects now ‘cash positive’
Jenny WigginsInfrastructure reporter
John Holland has forecast stronger profits in 2023 after rebounding from several years of writedowns and losses linked to Melbourne’s multibillion-dollar Metro Tunnel and West Gate Tunnel projects.
The construction group, which is owned by China Communications Construction Company (CCCC), reported a $79.5 million profit for the 12 months ending in December, more than double the $29.2 million it delivered a year earlier.
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