News: SWL Seymour Whyte announces provision against its Green Square Project

July 17 (Reuters) - Seymour Whyte Ltd (SWL) :

• Announces that it has raised a provision against its Green Square project, which is being delivered as part of drying Green Alliance
• Expectation of reduced fee due to painshare mechanism within contract will impact guidance for FY17 with co expecting net loss after tax of $1.4 million
• Remains confident that it will deliver significantly increased profitability in FY18 and beyond.