Transfield Services Limited
(ASX:TSE) has lowered its full-year profit guidance amid a slowdown in resources and infrastructure projects.
The mining services company says it’s expecting net profit after tax, but before amortisation and impairments to be between $62 and $65 million this financial year.
Previously the group expected net profit after tax, but before amortisation and impairments of between $85 and $90 million.
Transfield says many infrastructure projects ha\ve been delayed amid ongoing uncertainty in commodity markets.
The company also flagged a one-off $5.9 million restructuring cost, aimed at reducing the future business cost base.
Transfield delivered a net loss of $247 million in the first half of fiscal 2013.
