“At this stage, we anticipate market conditions will remain challenging for the remainder of FY16 and into FY17. We expect second half earnings to be significantly lower than the first half as a result of reduced Australian construction activity, the seasonal impact of the South East Asian monsoon period and ongoing depressed market conditions.”
Based on the above statement it has become clear to me that this company is not out of the woods yet
MRM Price at posting:
30.8¢ Sentiment: None Disclosure: Not Held