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Swick drops earnings and revenue forecasts

DRILLING contractor Swick Mining has cut its forecast earnings margin for 2014 by 4%, also reduci...

Andrew Duffy
Swick drops earnings and revenue forecasts

Under the new guidance, Swick expects the FY2014 earnings before interest, tax, depreciation and amortisation margin to be 14-16%, down from 18-20%. Full-year revenue is expected to be between $115-125...

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