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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.