Watpac weighs mining exit

Mining contractor Watpac (ASX: WTP) is considering an exit from mining as failure to secure new work hampers its expected full-year results.

Staff reporter

Watpac weighs mining exit

The company said this week that due to the disappointing performance of its mining business and the impact of legacy residential projects, it expected to post a full-year underlying net loss before tax of A$3-5 million.