The company posted a loss of more than A$58.2 million (US$44.4 million) for the 12 months to 30 June, falling from last year’s net profit of nearly A$40.3 million.

This came as revenues slumped from A$670.4 million a year ago to just under A$300.3 million in the recent financial year which the company blamed on decline in work from the resources sector.

Helping