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Cost overruns and disposal loss drag Yongnam into the red in Q3

Tuesday, November 12, 2013 - 06:00

DESPITE a jump in revenue, construction group Yongnam Holdings reported a net loss of $3.4 million in its third quarter, compared with a net profit of $10.3 million a year ago. Yongnam attributed the loss to cost overruns of $10.8 million for three ongoing structural steelwork projects and a

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