Macmahon rout as loss disappoints

MACMAHON Holdings has been widely sold off this morning with its report of a worse-than-expected $A29.5 million full-year loss – with the contractor warning shareholders that tough conditions in the mining sector will continue, resulting in stiff competition and increased pressure on margins.

Macmahon rout as loss disappoints Macmahon rout as loss disappoints Macmahon rout as loss disappoints Macmahon rout as loss disappoints Macmahon rout as loss disappoints

Macmahon underwent a major identity change in 2013, with the company offloading its construction arm to Leighton Holdings in favour of growing its mining division.

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