MND 0.39% $12.95 monadelphous group limited

Aug 1 (Reuters) - Monadelphous Group Ltd (MND) : ALBEMARLE...

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    Aug 1 (Reuters) - Monadelphous Group Ltd (MND) :

    • ALBEMARLE CONTRACTS UPDATE
    • NOTIFIED BY ALBEMARLE THAT CO'S CONTRACTS AT ALBEMARLE'S KEMERTON PROJECT HAVE BEEN TERMINATED
    • SEES AGGREGATE REVENUE TO BE DELIVERED FROM ALL WORKS FOR ALBEMARLE AT KEMERTON PROJECT FOR FY25 WOULD BE BETWEEN A$75M - A$85M
    • ESTIMATES THAT ITS CONTRACTED CONSTRUCTION WORKS ARE CURRENTLY 15% - 20% COMPLETE
    • TERMINATION OF CONTRACTS REDUCES CO'S CURRENT CONSTRUCTION WORK-IN-HAND BY A$200M
    • VERBALLY NOTIFIED ALBEMARLE ALSO TERMINATED CO'S MAINTENANCE SERVICES AND SUSTAINING CAPITAL PROJECTS CONTRACTS

    (([email protected];;))

 
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