News: MLD MACA Ltd Says Co Will Cease Operations In Brazil

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    Jan 21 (Reuters) - MACA Ltd (MLD) :

    • MACA LTD - WILL CEASE OPERATIONS IN BRAZIL EFFECTIVE JANUARY 2020
    • MACA LTD - EXPECTED THERE WILL BE A NON CASH IMPAIRMENT RELATED TO CESSATION OF OPERATIONS IN BRAZIL OF ABOUT $2M.
    • MACA LTD - CEASE OF OPERATIONS FOLLOWS EARLY TERMINATION OF CONTRACT AT ANTAS FOR AVB MINERACAO LTD
    • MACA LTD - PROFIT FROM ORDINARY OPERATIONS NOT EXPECTED TO BE IMPACTED AS A RESULT OF CLOSURE
    • MACA - THERE ARE UNREALISED FOREX LOSSES THAT WILL BE TRIGGERED UPON CLOSURE OF UNIT, OF ABOUT $5M BASED ON CURRENT EXCHANGE RATES
    • MACA LTD - MACA'S VICTORIAN-BASED CIVIL AND INFRASTRUCTURE BUSINESS HAS BEEN AWARDED $9.5 MILLION CONSTRUCTION CONTRACT BY VICROADS
    • MACA LTD - CURRENT GUIDANCE FOR FY20 REMAINS AT $770M IN REVENUE
    • MACA - MACA INFRASTRUCTURE AWARDED ADDITIONAL MINOR WORKS CONTRACTS WITH VICROADS & LOCAL VICTORIAN SHIRES TOTALING ABOUT $10M
    • MACA LTD - CURRENT GUIDANCE FOR FY20 EBITDA TO BE IN A RANGE OF $104M -$110M
    • MACA LTD - WORK IN HAND ATTRIBUTABLE TO CO AS AT JAN 31, 2020 EXPECTED TO BE $2.3B ACROSS ALL BUSINESS UNITS
    • MACA-PROFITABILITY WEIGHTED SLIGHTLY TOWARDS FY20 SECOND HALF DUE TO INCREASED CONTRIBUTION FROM CIVIL DIVISION &COMMENCEMENT OF RAVENSTHORPE CONTRACT
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.