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Mercer cuts FY guidance on late sales signals big multinational deal

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Stainless steel fabricator Mercer group has cut its annual earnings forecast after two big equipment sales missed the June financial year, though it is upbeat about the future and is in talks to licence its technology to a large multinational company. Earnings before interest, tax, depreciation, and amortisation will be between $2.2 million and $2.5 million in the 12 months ending June 30, the ...

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