Macmahon Holdings Limited
(ASX:MAH) has warned it expects to book a pre-tax charge between $95 million and $125 million in the full 2015 financial year.
The mining services company says the adjustment will be made to the carrying value of its equipment and inventory assets.
The move comes amid continued challenging market conditions in the mining services sector and low demand and market prices for used mining equipment and inventory.
Macmahon Holdings says the charge is yet to be reviewed by the company’s auditor and will come in addition to the $130 million impairment recorded in the first half.
Macmahon Holdings reported a net loss of $112 million in the first half of the 2015 financial year.
