Leighton Holdings (LEI)

Stock Code

LEI

Stock Exchange

Australian Securities Exchange

Leighton Holdings (LEI) is known as the parent company of a group consisted of Thiess, Leighton Contractors, Leighton Asia (Northern), Leighton Asia (Southern), John Holland and Leighton Properties, which all focus on project development as well as contracting businesses with activities including facilities management , operations and maintenance, environmental services, contract mining and engineering and building construction. The company’s headquarter can be found in St. Leonards, Australia.

The different companies that are a part of the Leighton group specialize in different areas of expertise on engineering and constructions, the Leighton Asia (Northern) have the activities encompassed in Asian countries like the Philippines, China, Taiwan, Hong Kong, Thailand, Laos, Vietnam and Cambodia. On the other hand, the Southern counterpart of Leighton Asia services Malaysia, Indonesia, Singapore, Brunei, Sri Lanka and India. Leighton Asia on both the North and South provides construction and engineering services to their clients as well. All the members of the company are led by the Chief Executive Officer on Executive Board, Wallace MacArthur King.

The major competitors of the company, Leighton Holdings Limited (LEI) are Bilfinger Berger AG, Bechtel Group, Inc. and Bouygues S.A.; even with the competitors, the company showed good company recorded revenues with the total of AUD$10,011.3 million that is in approximation of $8,497.7 million during the 2007 fiscal year end in June. A 17.5% increase was shown over the past year 2006. The profit net was AUD$450 million that reflects an approximate amount of $832 million in the year 2007 fiscal year with 63% increase over 2006.

Leighton Holdings Company History

Stanley Leighton is the founder of Leighton Company. It was founded in 1949. Leighton, focusing on building a reputation for itself achieved it for being involved in major housing projects and businesses on Sydney. One achievement that helped Leighton build its own reputation better is to becoming first of the private firms to do business on the state government operations in Victoria. All of this happened from 1949 until 1962. The company became a public company in Melbourne Stock Exchange for following the formation from the Leighton Contractors.

Leighton company began to strengthen their presence by expanding their offices to Sydney and Brisbane. This growth all happened between the late 60s and 70s. They were listed with the Sydney, Perth and Melbourne Stock Exchanges for changing their name into Leighton Holdings. After being listed to the Melbourne Stock Exchanges, they became the primary operating subsidiary based in Sydney.

Expanding their portfolios, their major shareholder was HOCHTIEF which brought Thiess and Leighton as one group in 1983. The company's involvement to the US has ended due to the selling of Green Holdings in the year 1993. In 2000, 70% of the Australian projects were purchased by Leighton.

In 2004 a merging happened between the James Fielding Group and Leighton. Leighton took 50% of James Fielding Infrastructure, a company which James Fielding Group owns.