I thought I might share this Peter Williams (The West Australian) article from 2018 with my fellow Hot Copper posters to give some context.
Regards
Stretguy.
Peter Williams - The West Australian
Fri 24 August, 2018
Macmahon Holdings posts $33m profit, tips more growth
Mining contractor Macmahon Holdings has posted a $33 million net profit, turning around a $23 million loss from the year before, and forecasting better things to come.Indonesian-controlled Macmahon’s operating revenue in fiscal 2018 almost doubled to $710 million.It said the primary drivers of the result were the start and ramp up of new projects and a turnaround in performance at Newcrest’s Telfer gold-copper mine in the Pilbara.No dividend will be paid.Macmahon is tipping earnings before interest and tax from continuing operations of $70 million to $80 million this financial year from revenue of $950 million to $1.05 billion.Fiscal 2018’s operating EBIT was $41 million.“Our guidance is based on $1 billion of contracted work for FY19 and our monthly revenue is now consistent with this run-rate,” chief executive Michael Finnegan said.“This gives us a solid platform for further increases in earnings.”Its shares were up 1.5¢, or 6 per cent, to 25¢ at 11.09am.
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Indonesia controlled MAH - Peter Williams article - 24 August 2018-
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Open | High | Low | Value | Volume |
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4 | 111965 | 0.420 |
4 | 150218 | 0.415 |
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2 | 62696 | 0.405 |
Price($) | Vol. | No. |
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0.430 | 42101 | 1 |
0.435 | 290334 | 3 |
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