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<WIRE> Downer Top Loser on Benchmark After Swinging to Losses (ASX:DOW)



Shares of Australian company Downer fell as much as 7.1% to A$4.070, marking the largest intraday drop since February 27.

The stock emerged as the top gainer on the ASX200 benchmark and reached its lowest since June 30.

Downer, an Australian contractor, reported a loss from ordinary activities after tax attributable of A$367.3 million ($239.85 million) for the fiscal year, a contrast from the A$164.8 million profit of the previous year.

Downer declared a final dividend of 8 Australian cents per share, lower than last year’s dividend of 12 Australian cents.

Despite the recent fall, the stock has risen 18.1% this year as of the latest close.

Downer is an Australian based contractor providing design, build and sustain services; as well as catering, hospitality, and facility management services.


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