Ichthys pain continues for UGL

ONGOING troubles at Inpex's LNG project at Darwin have weighed heavily on engineering and construction firm UGL, with the company posting a net loss after tax of $106 million, its potential profit dragged down by another $200 million provision raised against its Ichthys contracts.

Ichthys pain continues for UGL Ichthys pain continues for UGL Ichthys pain continues for UGL Ichthys pain continues for UGL Ichthys pain continues for UGL

Despite the disappointing performance in the Northern Territory the company said its base business was strong, with revenues of $2.3 billion in line with guidance and a solid outlook for 2016-17.

loader