METS

Macmahon delivers steady December half

MINING contractor Macmahon Holdings has had a pretty good first half for financial 2022, with revenue growth high, and modest gains in underlying earnings, although its profit collapsed after a number of one-off costs.

Macmahon delivers steady December half

Its statutory net profit after tax fell 92% to a mere A$3.3 million, down from $43 million in the prior corresponding period, primarily due to the finalisation of the GBF Underground Mining earn-out payments,...

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