Macmahon Holdings due to resolve Telfer dispute
Macmahon Holdings (ASX:MAH) has delivered statutory net profit after tax of $46.1 million, up from last year's $33.2 million.
Revenue grew by 55 per cent over the prior corresponding period to $1.103 billion as the Company increased activity across its contract mining projects in Australia and Indonesia.
Underlying EBITDA increased by 52 per cent to $181.4 million.
Meanwhile, Macmahon (ASX:MAH) and Newcrest Mining (ASX:NCM) negotiations are well progressed regarding pricing for changes to the mine plan and contract programme at the Telfer gold project.
Shares in Macmahon Holdings (ASX:MAH) trading 14.3 per cent higher at 20 cents.
Copyright 2019 – Finance News Network
Source: Finance News Network
