McAleese to diversify following $91M loss

MCALEESE Group has posted a $A90.9 million loss, but its shares were up 21% this afternoon on a financial report that outlined positive cashflow through the tough conditions.

McAleese to diversify following $91M loss McAleese to diversify following $91M loss McAleese to diversify following $91M loss McAleese to diversify following $91M loss McAleese to diversify following $91M loss

Tough times for the industry.

The loss represented a steepening of the $63.6 million deficit recorded last year, with the mining downturn brining significant impairments for the contractor.

Revenue was down 16.5% to $636.

topics

loader
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Pandemic no impediment. Read more.
  • Latest COVID-19 Coverage: Like sand through the hourglass. Read more