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Mining contractor reinstates dividend

Mining services contactor NRW Holdings, which paused its dividend payment at the outbreak of coronavirus concerns in March to preserve liquidity, says it managed to smash its annual revenue records with two months of the financial year to go.

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NRW generated A$1.6 billion of revenue for the first 10 months of 2019-20, with earnings estimated at $177 million, or a normalised $107 million.