MND -1.08%: the mining contractor posted a reasonable 1H result today, though shares were weaker on some softer outlook comments. Revenue was up 6% to $1b and earnings (EBITDA) grew 6% to $61m, both in line with expectations. While the company won $1.8b worth of contracts in the period, it noted exposure to lithium may weigh on near-term earnings as growth investment slows, while skilled labour shortages and supply chain constraints continue to put pressure on earnings. Guidance for revenue growth of 10% was in line with consensus.
MM is neutral MND
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