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Barminco upbeat on FY18 after $98m loss

Mining contractor Barminco has reported a $98.7 million net loss for the 12 months to June, with contract issues during the year partially offset by improved performance in its Africa-focused joint venture.

Perth-based Barminco’s statutory net loss result followed a $48.4 million net profit in FY16.

Revenue was up 18 per cent to $691.1 million, while earnings before interest, tax, depreciation and amortisation fell 11.7 per cent to $116.3 million.

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Mining contracting employees

1st↑Byrnecut1,648
2nd↓DownerNFP
3rd↑Barminco1,200
4th↓MACANFP
5th-ThiessNFP
22 mining contractors ranked by no. of mining contracting staff: in WA

WA revenue

8th↓Byrnecut$979.0m
9th↑Minderoo Group$753.0m
10th-Barminco$691.0m
11th↑Perth Airport$585.8m
12th↓Perron$542.8m
104 private companies - large ranked by revenue most recent financial year

Number of Employees

Private Companies - Large

3rdByrnecut1,648
4thABN Group1,414
5thBarminco1,200
6thGalati Group1,142
7thCFC Group1,020

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