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Leighton results underline cash flow challenges for sub-contractors
Today, Leighton Holdings reduced its full-year profit guidance to the market by $400-450 million following further problems in the the company’s Airport Link and Victorian desalination projects. Not surprisingly, the company’s share price took a beating, falling 6% in mid … Continue reading →
Posted in Accounts Receivable Factoring, Construction Factoring, Factoring, Factoring Companies, Invoice Discounting, Invoice Factoring, Small Business Factoring
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Tagged cash flow challenges, cash flow issues, cash reserves, desalination projects, factoring receivables, leighton holdings, leighton results underline cash flow challenges for subcontractors, medium sized businesses, share price, working capital
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