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UGL Ltd Issues FY 2013 Net Profit After Tax Guidance; Announces Organisational changes

Tuesday, 14 May 2013 07:59pm EDT 

UGL Ltd announced that for fiscal 2013, it expects underlying net profit after tax (NPAT) between $90-$100 million. The Company also announced that in light of the more subdued Australian outlook, UGL has determined that the market potential does not justify a separate cost structure dedicated to Operations & Maintenance. As such, Operations & Maintenance will be vertically integrated back into UGL’s traditional sector-focused Engineering business. This will provide end-to-end sector-focused service delivery to clients in the core sectors of power, water, rail, resources, transport & technology systems and defence.