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MND engineering a revival?

Former bellwether Australian mining engineering services stock, Monadelphous Group (ASX: MND), continues to face worrying contraction in its revenues and earnings in the next few years – something not reflected in its recent strong share price bounce.

MND engineering a revival? MND engineering a revival? MND engineering a revival? MND engineering a revival? MND engineering a revival?

Iron ore market downturn has hit Monadelphous where it hurts

The company has seen its shares rise about 15% since the end of February this year. It had a market capitalisation this week of about A$680 million (US$492 million).