MacMahon (ASX:MAH) keep EBITDA guidance

Company News

by Rachael Jones

MacMahon (ASX:MAH) has stuck to guidance for full year EBITDA to land between $85 million to $95 million on sales between $1.3 billion to $1.4 billion.

The mining services business says the pandemic has had a minimal impact on its productivity, supply chains and margins.

As at the end of first half of the 2020 financial year it had cash on hand of $114.2 million and net debt of $106.2 million.

It also reported that over 80 per cent of revenue is from gold or copper/gold operations.

Shares in MacMahon (ASX:MAH) are trading 4.1 per cent higher at 26 cents.