CAPITAL MARKETS

Macmahon back in black

MINING services contractor Macmahon returned to profitability for the six months to December 31, delivering an after tax profit of A$8.2 million, in line with guidance, and with a healthy pipeline of new opportunities it will be more selective about the work it takes on as it seeks to remain in the black.

Haydn Black
Macmahon back in black

CEO Michael Finnegan said this morning that Macmahon was pursuing a range of opportunities to build its profile, and he said given that existing contracts will underpin earnings for at least five years,...

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