Wembley woes

08 May 2008

UK: Australian contractor Multiplex expects to make a UK£ 24 million (US$ 44 million) loss on the construction of Wembley National Stadium in London, UK. However, the project is still expected to be completed on schedule in March 2006. The loss is expected to reduce Multiplex's 2005 after-tax profit from the previously expected AU$ 235 million (US$ 178 million) to AU$ 170 million (US$ 129 million).

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