ASX:MAHMetals and Mining
Macmahon Holdings (ASX:MAH) Shares Fall As Record Profit Meets Margin Questions
Macmahon Holdings stock closed at A$0.905 on Monday, leaving short term traders nursing a 7.7% slip over the past week even though the latest result landed with record heft. The headline is simple. The mining contractor delivered about A$2.6b in revenue and underlying earnings before interest, tax and amortisation of A$190.1m, with margins a touch higher and returns on capital at 22%.
For investors thinking beyond today’s red screen, the focus now shifts to how that earnings engine and a...