The company now expects to report net profit of around $180 million in fiscal 2016, down from its previous target of $190 million.

It said profit for the six months to December 31 stood at $72.1 million, down 23.9 per cent from a year ago. Revenue for the half year fell 1.2 per cent to $3.5 billion, while the company’s order book at December 31 stood at $18 billion, compared to $18.5 billion…