Builder Icon swings to loss, gets cash boost from Japanese parent
Icon, the builder best known for Sydney's ill-fated Opal Tower residential project, swung to a net loss of $17 million in the year to December from a profit of $9.4 million as project delays, soaring costs and the impact of subcontractor failures more than offset an increase in revenue.
The builder said it also received a $30 million cash injection from its Japanese parent Kajima Corporation last year. Its current projects include the $135 million Kingston Centre residential aged care facility in southeastern Melbourne, Gold Coast's $154 million health sciences innovation centre of excellence and a $45 million birthing centre in Honiara, Solomon Islands.
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The Advertiser
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Software remedies have been implemented, while the hardware design is mostly unchanged in Resilience, the company has said. Resilience was carrying a four-wheeled rover built by ispace's Luxembourg subsidiary and five external payloads, including scientific instruments from Japanese firms and a Taiwanese university. If the landing had been successful, the 2.3m-high lander and the microwave-sized rover would have begun 14 days of planned exploration activities, including capturing images of regolith, the moon's fine-grained surface material, on a contract with US space agency NASA. Japan in 2024 became the world's fifth country to achieve a soft lunar landing after the former Soviet Union, the United States, China and India, when the national Japan Aerospace Exploration Agency achieved the touchdown of its SLIM lander, although in a toppled position.
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