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MMG flags big profit drop

China-controlled MMG has warned a soft second half of 2018 was expected to lead to a significant drop in full-year profit.

MMG flags big profit drop MMG flags big profit drop MMG flags big profit drop MMG flags big profit drop MMG flags big profit drop

The Melbourne-based miner said it was expecting to post a net profit after tax of US$135-140 million for 2018, down from $348.4 million for 2017.

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