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Australian contractor flags writedown

Major drilling and mining contractor Ausdrill has flagged a A$75-95 million non-cash impairment in its year-end financial accounts, which will be released in August, but it says the writedown is a fraction of its total assets and will not affect it 2018-19 guidance.

Australian contractor flags writedown Australian contractor flags writedown Australian contractor flags writedown Australian contractor flags writedown Australian contractor flags writedown
The company expects to post a 12-month underlying net profit after tax of $98 million.

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