Ausenco savaged on profit woes

SHARES in engineering firm Ausenco were hammered after it flagged reduced guidance and announced a cost-savings program to help it remain cash flow positive amid tougher times in the mining services industry.

Ausenco savaged on profit woes Ausenco savaged on profit woes Ausenco savaged on profit woes Ausenco savaged on profit woes Ausenco savaged on profit woes

The company's shares had dropped 30.5% to $A1.49 by late afternoon after earlier hitting a low of $1.41.

loader

Most read Region