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| 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 | 01:00:00 |
From Apr 2019 to Apr 2024
By Nathan Allen
Shares in Hochtief AG (HOT.XE) and parent company Actividades de Construccion y Servicios SA (ACS.MC) fell sharply Thursday after their Australian subsidiary CIMIC Group Ltd. (CIM.AU) reported disappointing first-half results.
CIMIC closed 19% lower Thursday after first-half earnings failed to meet expectations. While group profit ticked up on the year, pretax profit for its construction business fell by 15%, leading Macquarie to downgrade the stock to hold from buy.
At 0744GMT Hochtief, which holds a 73% stake in CIMIC, traded 9.2% lower at EUR96.85, making it the second-biggest loser on the Stoxx Europe 600. ACS, which holds slightly more than 50% of Hochtief, was down 4.9% at EUR36.28.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 18, 2019 04:06 ET (08:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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