Troubles associated with two projects have impacted the gearing levels financial position of Australian construction giant Leighton Holdings.

Troubles at construction giant Leighton Holdings associated with the Iraq scandal and the Gorgon Jetty project have impacted the group’s financial position and caused gearing levels to shoot up. Releasing its third quarter results, Leighton says its net profit after tax ($444 million) was up 40 percent compared with the…