AJ Lucas cuts earnings on Gorgon delay

AJ LUCAS Group has slashed its earnings expectations following delays at the $43 billion Gorgon gas project in the state's north west.
The earnings downgrade is also on the back of Queensland’s flood crisis and well as delays in approvals for the start of other infrastructure projects.
AJ Lucas said estimated earnings before interest, tax, depreciation and amortisation (EBITDA) for the six months to December 2010 were $3 million.
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Source: Perthnow.com