Tough conditions in building have seen the construction giant sink to a loss after years of profits. But it has been winning new work.
Ben Wilmot follow 3 min read March 17, 2025 - 6:36PM
The Australian Business Network
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Chinese-owned construction heavyweight John Holland plunged to a $60m loss last year as contracting markets remain tough and big-ticket loss-making projects hit its bottom line.
The company is among a slew of contractors to be hit by unprofitable projects from striking fixed price contracts that proved problematic as input costs soared in the wake of the pandemic.
But it has kept winning new work and is confident of its prospects this year, even in the harsh climate for builders. Rival operation Roberts Co last Friday put its Victorian arm into administration, and the subcontracting industry was also hit by a series of construction company collapses.
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