METS

Clough delivers a loss

AS EXPECTED engineering and construction company Clough has posted a net loss of $105.3 million for the 2007 financial year as a result of contractual disputes with ONGC in India and Origin Energy in Victoria.

MiningNews.Net
Clough delivers a loss

To isolate the impact of the disputes on the G1 oil and gas contract and the BassGas contract to the 2007 financial year, Clough has taken provisions of $130.7 million in the year-end accounts. In July,...

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