Macmahon Holdings due to resolve Telfer dispute

Company News

by Rachael Jones

Macmahon Holdings (ASX:MAH) has delivered statutory net profit after tax of $46.1 million, up from last year's $33.2 million.

Revenue grew by 55 per cent over the prior corresponding period to $1.103 billion as the Company increased activity across its contract mining projects in Australia and Indonesia.

Underlying EBITDA increased by 52 per cent to $181.4 million.

Meanwhile, Macmahon (ASX:MAH) and Newcrest Mining (ASX:NCM) negotiations are well progressed regarding pricing for changes to the mine plan and contract programme at the Telfer gold project.

Shares in Macmahon Holdings (ASX:MAH) trading 14.3 per cent higher at 20 cents.