Mercer narrows first-half loss, predicts stronger 2H without one-off costs

Mon, 27 Feb 2017

By Sophie Boot Feb. 27 (BusinessDesk) - Mercer Group, the stainless steel fabricator, posted a $2.6 million loss in the first half, but said it's anticipating a return to positive pre-tax earnings for the second half despite the "disappointing" start. The $2.6 million net loss was smaller than $4.7 million from the six months to December 2015, though revenue fell 19 percent to $7.9 million in the latest period. Earnings before interest, tax, depreciation and amortisation (ebitda) was a $1.5 million loss, although stripping out costs for i...

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