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Cimic Group announces 2017 full year financial Results

  •     2017 NPAT of $702m, up 21%, at top end of guidance
  •     Cash flows from operating activities1 of $1.5bn up 27%; EBITDA conversion rate 101%
  •     Robust financial position with net cash of $910m, up more than $500m
  •     Positive revenue2 trend, up 24% to $13.4bn
  •     WIH3 of $36bn; new work4 of $18.4bn; extensive pipeline
  •     2018 NPAT guidance of $720m to $780m, up 3% to 11%
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Cimic's Thiess awarded BMA Mining Service Contracts

Cimic Group’s global mining services provider, Thiess, has secured two contracts with a combined revenue of $440 million to provide mining services at BHP Billiton Mitsubishi Alliance’s (BMA) Caval Ridge and Peak Downs coal mines in Queensland’s Bowen Basin, Australia.

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