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Seymour Whyte announces provision against its Green Square Project

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  1. July 17 (Reuters) - Seymour Whyte Ltd (SWL) :

    • Announces that it has raised a provision against its Green Square project, which is being delivered as part of drying Green Alliance
    • Expectation of reduced fee due to painshare mechanism within contract will impact guidance for FY17 with co expecting net loss after tax of $1.4 million
    • Remains confident that it will deliver significantly increased profitability in FY18 and beyond.
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