Forge casts cautious outlook

Shares in Forge dipped after the engineering contractor delivered a cautious outlook at its AGM this morning.

Shares in engineering contractor Forge Group dipped this morning as the outlook given at its annual general meeting highlighted the increasing near-term earnings risk from project deferrals.

The stock dipped 4 cents, or 0.8%, to $4.84, after management warned that project delays are becoming more common and that domestic markets are slowing and becoming more competitive.


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