METS

Macmahon profit up, looks to strong 2004-05

MACMAHON Holdings strengthened its profit in the latest December half compared with the same period in 2002, despite lower revenue of $184 million that was attributed to the completion of existing contracts and the start of new longer-term contracts during the half.

Sarah Belfield Belfield

Macmahon profit up, looks to strong 2004-05

The company reported a net operating profit of $3.4 million after tax in the six months to December, up from the figure of $2.8 million for the same period of 2002. Earnings before interest and tax were...

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