Engineering group Downer EDI has met its full year guidance despite reporting a 14.1 per cent drop in full-year profit to $180.6 million.

Revenue fell 0.5 per cent to $7.39 billion and the bottom line was weighed down by a $13 million write-off related to an unsuccessful bid for Capital Metro and $15 million reduction in federal government grant income. “Over 55 per cent of group revenues are generated from servicing public infrastructure…