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CMA posts $2.8m first half net profit

SCRAP metal recycler CMA Corporation Ltd posted a net profit after tax of $2.9 million for the half year to December 31, up from a net profit of $270,000 during the previous corresponding period. Revenue was $104 million for the half-year compared with $37.3 million for the previous corresponding period. CMA managing director Peter Hatfull said the first half result represented a significant rebound after the disappointment of the previous financial year.

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