Grant Fenn

It was a good day to be a CEO when Downer EDI’s Grant Fenn delivered an 8.5 per cent increase in interim net profit and forecast a profit upgrade on the release of their first half results for FY16/17. The sharemarket responded immediately and their stock price soared 13% to a six year high.

Downer is a leading provider of services including: Transport; Technology and Communications; Utilities; Engineering, Construction and Maintenance; Mining; and Rail. But even with their diversified portfolio of work Fenn tells Alan Kohler that they still face pressure from competitors, contracts ending and customers taking their services in-house.

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