AUSTRALIA

Matrix downgraded

MATRIX Composites and Engineering has downgraded its full-year earnings expectations for the 2013 financial year from $13 million to $8 million – a 38% decrease.

Matrix downgraded

The company, which is a Perth-based supplier of components to the oil and gas industry, said there were a number of reasons for the decrease. A $2 million shortfall has been recorded as a result of lower...

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