METS

Impairments drag MACA to loss

MINING and civil contractor MACA has delivered a net loss for 2019-20 of A$17.4 million, despite stronger profits, after taking a thumping on money owed by Queensland coal miner Carabella Resources, foreign exchange losses on its discontinued operations in Brazil, and the Victoria’s state of emergency.

MACA's coal exposure weighed on the company

MACA's coal exposure weighed on the company

In recognition of its underlying, more positive position, MACA's board has elected to pay a further 2.5c dividend, for a total 5c for the year, which saw revenue up 21% year-on-year to $808 million and...

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