Brierty cuts profit guidance

CIVIL and mining contractor Brierty has slashed its earnings guidance for the 2011 financial year on the back of disputes over contract payments and write offs in work-in-progress on other projects.

Brierty cuts profit guidance Brierty cuts profit guidance Brierty cuts profit guidance Brierty cuts profit guidance Brierty cuts profit guidance

Following a review of its contracting book, Brierty now expects full year net profit after tax will be around $A750,000. This compares with the previous guidance of $5 million for the period.

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