WDS Limited
(ASX:WDS) Chairman Mr Ross Rolfe, MD & CEO Mr Terry Chapman and CFO Mrs Anne Hayes provide the market with an update of its preliminary earnings expectations for FY15 of continuing profitable growth, provided to the market in August 2014.
The revision of the outlook for the WDS Group follows a close examination of the effects of the following events:
- An incident at an Energy Division work site in Queensland in which a WDS employee was fatally injured.
- Advice received that the Energy Division was not successful in winning the initial package of work for the next phase of a major CSG project, known as the ‘sustain phase’.
- Adverse circumstances experienced by the Mining Division in the drive age of two surface to coal seam access drifts at the Eagle Downs Coal Mine where much lower than expected tunnelling rates and support installation rates have been achieved.
