Monadelphous flags revenue drop

Engineering group warns market conditions are squeezing margins.

Monadelphous Group (MND) has warned its revenue will not be as high in fiscal 2014 as the prior year as market conditions tighten.

Addressing shareholders at the group's annual general meeting, managing director Rob Velletri said he expected a year of consolidation after an abnormal surge in revenue of more than 80% over the past two years.

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