More losses for Clough
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Tuesday, 7 June, 2005 - 22:00
ENGINEERING and construction group Clough has announced profit guidance for the current financial year.
Following the half-year loss of $42 million announced in February, the company said the full-year loss for this financial year was estimated to be as much as $60 million.
The additional loss will make provisions for ongoing disputes with clients on fixed price contracts, primarily the BassGas project in Victoria, according to Clough.