Commenting, Chief Executive Officer, Andrew Wood, said:...

Commenting, Chief Executive Officer, Andrew Wood, said: “Notwithstanding the impacts weaker than
expected market conditions are having on our performance, the cost reduction program we are
implementing together with the momentum from recent contract awards should position us for medium term
growth. The diversity of our business in terms of its geography, industry sector and service offering remains
a fundamental strength.

Overdone in my opinion. Where it settles after the margin calls are done...who knows