DCG decmil group limited
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News: DCG Decmil Group updates expected FY17 results

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    28/07/17
    16:25
    Post #: 26146446

    July 28 (Reuters) - Decmil Group Ltd (DCG)

    • Expects that FY17 statutory reported EBITDA from continuing operations will be broadly breakeven
    • Decmil is also undertaking a comprehensive assessment of carrying value of key assets
    • Co's unit Homeground Gladstone to be revalued to within range of about $85 million - $95 million as at 30 June 2017
    • "FY17 will not deliver on initial revenue and earnings growth expectations"
    • Board has resolved to not declare final dividend for FY17
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