WDS Limited
(ASX:WDS), today provided 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 worksite 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 driveage 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.
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