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Macquarie sees promising outlook for Clough

MACQUARIE analyst Andrew Wackett believes engineering contractor Clough will achieve a net profit in the current year of around $17.8 million and has the stock as a

Michael Quinn

Macquarie sees promising outlook for Clough

Wackett said the Clough balance was strong with $90.2 million in cash at June 30, and an NTA of 41c a share. "Accounting looks conservative with a negative work in progress balance of $38.5 million (ie...

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