Macmahon posts $218 million loss

IMPAIRMENTS are vicious things. Had it not been for them Macmahon would have come out of what has admittedly been a very tough year with a pre-tax profit of $A13.7 million.

Macmahon posts $218 million loss Macmahon posts $218 million loss Macmahon posts $218 million loss Macmahon posts $218 million loss Macmahon posts $218 million loss

Macmahon is focused on growing its order book.

However, add on asset write downs, an onerous lease provision and other impairments and the company booked a $217.9 million loss.

Macmahon reported revenue for the 2014-15 financial year of $660.

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