PMP: Result 2015

PMPs results suggest the turnaround is going well and the new strategy is working.

The remarkable transformation of PMP continues to impress with the business revealing pleasing full year results. Revenue was slightly below expectations, falling 10% to $811m but this was largely a result of not rewriting loss making contracts and one large customer buying their own paper.

On an underlying basis, that is, on work that actually attracts margin, revenue fell by 4% with slightly lower volumes to blame.

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