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MaxiTRANS downgrades profit guidance

Declining mining investment is expected to knock as much as 20 per cent off the profits of road transport company MaxiTRANS this year, to between $16.5 million and $17.5 million.

Jared Lynch
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Declining mining investment is expected to knock as much as 20 per cent off the profits of road transport company MaxiTRANS this year.

The company had predicted its full-year net profit to be about $20.5 million. But on Wednesday managing director Michael Brockhoff said that number was likely to shrink to $16.5 million to $17.5 million.

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    Original URL: https://www.afr.com/companies/transport/maxitrans-downgrades-profit-guidance-20140423-i4be2