Aug 18 (Reuters) - Monadelphous Group Ltd MND.AX :
* Full year statutory accounts MND.AX
* Says Australian market conditions are expected to remain soft
* Prospects for maintenance and industrial services are expected to be positive particularly in the oil and gas sector"
* Says customers will continue to focus on reducing operating costs
* Opportunities for new major construction contracts in the resources and energy sector are likely to remain at reduced levels
* Activity is expected to ramp up over the next few years as a number of multi-billion dollar lng projects move to the operational phase
* Says margins will remain under pressure as competition is high for a smaller pipeline of work
* Maintenance service activity is expected to normalise following a long period of deferred activity"
* Says will focus on additional initiatives aimed at reducing costs
* Source text for Eikon ID:nASX3CwRLt
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