MacMahon records $7.1m profit

<p>Alice Springs-Darwin rail project shareholder MacMahon Holdings achieved a $40m earnings turnaround to record a $7.1m profit in the 2002 financial year.</p> <p>The company’s civil division, which includes the rail project, had a particularly good year and contributed significantly to the group’s profit in the second half of the year.</p> <p>MacMahon has a forward order book of $488m and expects this year’s result to be even stronger.</p> <br />