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.

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