Spotless shares dive as resources expansion falters
Jared Lynch and James Thomson
Updated
Spotless' much-hyped expansion into the resources sector has faltered, with the cleaning and catering services company warning that new contracts are being delayed or deferred as mining investment dwindles.
The company shocked the market with a profit downgrade on Wednesday, sending its share price tumbling almost 40 per cent to close at a record low of $1.33.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles