MACA confirms guidance amid contract update

Company News

MACA Limited (ASX:MLD) has confirmed its annual earning guidance after winning a new contract but also warning one of its clients has suspended works due to difficult market conditions.  

The mining services provider still expects to deliver revenues of more than $650 million in the 2015 financial year. 

The affirmed forecast comes following a $9 million contract win from Doray Minerals Limited (ASX:DRM) for Stage 2 of its Andy Well Project. 

MACA has also advised it will be meeting with Rosslyn Hill Mining over the next days to discuss the contractual implications of its decision to halt
operations at Paroo Station. 

MACA reported a net profit of $55.44 million in the full 2014 financial year.