Maca have tried to diversify into Civil and turn over about $200m in revenue and barely make any money, in the year ended June 2020 they made a small profit, last year they made a small loss.
You indicate that NWH do much better, yet their last financial statement shows revenue of $726m at an EBITA margin or 3.1%, the year before 3.2%.
In contrast mining had an EBITA margin of 7.1% vs the prior year of 10.4%. MLD last year had an EBITA margin of 6.7%.
If anything Civil is holding the whole sector BACK not UP.
MLD Price at posting:
76.0¢ Sentiment: Buy Disclosure: Held
