Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Maca Releases Chairman's and MD Address to Shareholders

14 Nov 2019  |  16:46:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Chairman's and MD Address to Shareholders

Maca released 2019 AGM address stating the revenue growth and a continuation of the improved margins achieved in the second half of FY19. Group revenue is forecast to increase by 8% to $720m in FY20, of which over $500m relates to Mining and Crushing. The Company remains financially strong with a net debt position of $82.8m at 30 June 2019 and cash on hand of $59.3m. The Mining Division has seen capital investment of $165m in FY19 - with $121m into the Mining division and $45m into the Crushing division, establishing a platform for growth for the years ahead. The acquisition of Interquip has enabled the Company to establish a Structural, Mechanical and Piping (SMP) business within the mining industry. The works valued at $28 million were completed in September 2019.

Please click here for full details

See more ASX300 News Announcements