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BRIEF-Decmil Group updates expected FY17 results

Published 28/07/2017, 04:23 pm
© Reuters.  BRIEF-Decmil Group updates expected FY17 results

July 28 (Reuters) - Decmil Group Ltd DCG.AX

* Expects that FY17 statutory reported EBITDA from continuing operations will be broadly breakeven

* Decmil is also undertaking a comprehensive assessment of carrying value of key assets

* Co's unit Homeground Gladstone to be revalued to within range of about $85 million - $95 million as at 30 June 2017

* "FY17 will not deliver on initial revenue and earnings growth expectations"

* Board has resolved to not declare final dividend for FY17

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