METS

Sedgman profits fall 70%

SEDGMAN this morning posted a $A7.1 million net profit for the 2009 financial year, a fall of 70% as a write-down associated with its metal engineering arm, Intermet, ate into earnings.

Angie Tomlinson
Sedgman profits fall 70%

Adjusted net profit, without the $20 million goodwill write-down for Intermet, was almost 4% above last year at $29.8 million as higher margins offset lower revenues due to the economic downturn and run-off...

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