Shares in Ausenco Ltd have plummeted more than 25 per cent after a number of contract specific issues and a softer market saw the engineering and construction group flag lower first-half earnings and warn on its full-year performance.
At the 1015 AEST official market open, Ausenco shares were 27.44 per cent lower at $1.56, against a benchmark index drop of 0.21 per cent. Earlier Ausenco shares fell as low as $1.485.
One more engineering and construction group with plummeted share price. Softer market is to blame.
AAX.ASX is now trading at $1.48, a 31.16 % drop.
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