Macmahon jumps as profit returns

MACMAHON Holdings has returned to profitability and posted a solid financial result, despite halting operations at the Tavan Tolgoi coal project in Mongolia due to payment delays.

Macmahon jumps as profit returns Macmahon jumps as profit returns Macmahon jumps as profit returns Macmahon jumps as profit returns Macmahon jumps as profit returns

Revenue for the financial year came in at $A1 billion, resulting in a net profit after tax of $30.4 million.

The company said it had repaid $50 million in debt and its order book stood at $2.

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