Share Market Tips : AusGroup sinks into the red in 1Q on lower sales, higher finance costs

AusGroup posted lost A$2.08 million ($2.21 million) for 1Q17 contrasted with a benefit of $348,000 in a similar quarter a year back. 

Income for the quarter remained at A$101.3 million, down 23.7% from A$132.75 million in 1Q16 as a consequence of lessened commitments from the gathering's port and marine organizations, and in addition because of the nonappearance of commitments from upkeep benefit contracts which were finished in the earlier year.

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