Assuming the lower figure -$6M for H1 profit what was the previous projection?
“...tightening labour market has impacted the availability and deployment of equipment which in turn has adversely affected site performance across our projects.
We have invested in newer and larger equipment and additional inventories however, due to equipment lead times the benefit of these investments is not expected to be realised until the second half.
In addition there have been costs incurred in preparation for extensions and new projects for which we will not realise revenue until the second half.”
MLD Price at posting:
$1.18 Sentiment: Hold Disclosure: Held