METAROCK stabilised its earnings and began a turnaround plan in the 2022-23 financial year to refocus the business on profitable operations by exiting loss-making contracts, being disciplined in tender management, selling non-core assets and reducing overheads.
Metarock's normalised EBITDA of $38.5 million was above the normalised EBITDA guidance of $31 million provided at the half year.
The mining contractor reported a normalised preliminary earnings before interest, tax, depreciation and amortisation of $38.5 million, which was above normalised EBITDA guidance of $31 million provided...
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