Downer EDI has lifted half year profit by 8.5 per cent as its shift to rail, transport services and technology sectors help offset the continuing decline in its core mining services business.

Net profit in the six months to December 31 rose to to $78.2 million, while revenue edged 1.7 per cent higher to $3.6 billion. “The results are strong in earnings and cash flow and trading to date indicates the company will be able to improve earnings for the full year,”…