Nov 17 (Reuters) - Monadelphous Group Ltd MND.AX :
* 2015 agm address and updated outlook
* Australian market conditions continue to be competitive and expected to remain challenging on back of lower resource and energy commodity prices
* Says opportunities for new major construction contracts in these markets are likely to remain at reduced levels
* Says prospects for maintenance and industrial services are expected to be more positive particularly in the oil and gas sector
* Currently have $1 billion of maintenance service tenders in progress, with award decisions on a number of these expected before end of 2015
* Says significant reduction in construction demand is continuing to impact sales revenue and at this stage
* Says anticipate that first half revenues will be around 10% lower than the 2nd half of 2014/15 financial year
* Says margins will remain under pressure as competition is high for a smaller pipeline of work
* Source text for Eikon ID:nASX70njzv