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Business Description: Maca Limited (MLD) is a mining and civil construction company offering contract mining, civil earthworks, crushing and screening, drilling and blasting and material haulage solutions to mining industry throughout Australia. MLD is operated under two major segments, including Mining Contracting and Civil Contracting.
Strategy Analysis:
Maca reported NPAT up 37.4% to $22.55m for the half-year ended 31 December 2012. Revenues from ordinary activities were $207.55m, up 47% from last year. Diluted EPS was 14.64 cents compared to 9.63 cents last year. Net operating cash flow was $41.74m compared to $17.67m last year. The interim dividend declared was 4.5 cents, compared with 3.5 cents last year.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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