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Lack of new contracts impacts VDM

AUSTRALIA-based consulting, construction and contracting outfit the VDM Group has downgraded its half year earnings to $A12 million and net profit after tax to $3 million after struggling to secure new contracts.

MiningNews.Net
Lack of new contracts impacts VDM

Although tendering activity remains high, the date of the award of a number of tendered projects remains unclear. The value of goodwill pertaining to the consulting division has also been reassessed...

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