Macmahon swings to FY loss

Contractor says revenue stream at risk, margins under pressure as miners seek to slash costs.

Contractor Macmahon Holdings (MAH) has tipped a sharp fall in revenues amid "highly uncertain" operating conditions, warned its earnings stream is at risk and margins under pressure as miners seeks to slash costs. 

It came as the group swung to a full-year loss of $29.5 million, from a $56.1 million profit last year, after booking a $73.1 million loss on the sale of its construction projects to Leighton Holdings (LEI). 


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