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CIM CIMIC Group Limited

22.00
0.00 (0.00%)
30 Jan 2025 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
CIMIC Group Limited ASX:CIM Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 22.00 22.00 22.01 0.00 00:00:00

Cimic Names New CEO; Says 3Q Cash Flow Up

18/10/2016 11:31pm

Dow Jones News


CIMIC (ASX:CIM)
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From Jan 2020 to Jan 2025

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   By Rhiannon Hoyle 
 

SYDNEY--Australian construction company and contract miner Cimic Group Ltd. (CIM.AU) named Adolfo Valderas as chief executive, while also reporting an increase in quarterly cash flow.

Cimic said on Wednesday Mr. Valderas, currently Deputy Chief Executive Officer, would take the helm with Marcelino Fernández Verdes, currently CEO and Executive Chairman, to continue in the latter role.

The company separately said it recorded cash flow of 532.9 million Australian dollars (US$409 million) in the three months through September, up 7.3% on-year. It reiterated an earlier projection of A$520 million-A$580 million in net profit for 2016.

 

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

 

(END) Dow Jones Newswires

October 18, 2016 18:16 ET (22:16 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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