Royal Wolf Holdings riding out downturn
One of Australasia's largest providers of container solutions, Royal Wolf Holdings, delivered a disappointing result for 2014-15 with its underlying net profit of $14.9 million well below the $18.9 million achieved in the previous corresponding period.
While a contraction in the mining and energy sectors was expected to negatively affect the business, management's comments delivered in conjunction with a third quarter update focusing on Royal Wolf's financial position and operating outlook for the remainder of the year indicated the company was in reasonable shape.
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