DCG decmil group limited

April 16 (Reuters) - Decmil Group Ltd (DCG) : NEW ZEALAND...

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    April 16 (Reuters) - Decmil Group Ltd (DCG) :

    • NEW ZEALAND SUBSIDIARY DECMIL CONSTRUCTION NZ LIMITED (DCNZ) WILL CEASE TRADING WITH IMMEDIATE EFFECT
    • NZ SUBSIDIARY SUFFERED SIGNIFICANT LOSSES AS A RESULT OF TERMINATION OF A MAJOR CONTRACT BY NZ DEPARTMENT OF CORRECTIONS
    • CORE AUSTRALIAN OPERATIONS NOT IMPACTED BY CLOSURE OF NEW ZEALAND UNIT & REMAINS POSITIVE ON OUTLOOK OF AUSTRALIAN BUSINESS
    • NZ UNIT SUFFERED SIGNIFICANT LOSSES AS A RESULT OF TERMINATION OF A MAJOR CONTRACT BY NZ DEPARTMENT OF CORRECTIONS
    • WINDING UP OF DECMIL NZ IS EXPECTED TO HAVE A NEUTRAL IMPACT ON DECMIL'S RESULTS FOR 6 MONTHS ENDED 30 JUNE

    Source text https://reut.rs/2xAWDu6

    (([email protected];))

 
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