VDM clarifies $60.1M net loss

STRUGGLING mining and construction contractor VDM Group has released an explanatory note to the market regarding its first-half financial results.

VDM clarifies $60.1M net loss VDM clarifies $60.1M net loss VDM clarifies $60.1M net loss VDM clarifies $60.1M net loss VDM clarifies $60.1M net loss

VDM reported a net loss after tax of $A60.1 million in the financial results announced February 28, sliding even further than the $46.9 million loss from the previous year’s period.

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