Mader Group: Forecast of lower growth damages share price of mining vehicle maintenance group

Investors have sharply rejected the fast-growing Mader Group and see another strong jump in profits as a rejection of forecasts for slower growth.

Shares in the mining vehicle maintenance company fell as much as 17 percent on Tuesday, even though Mader again met his forecast with an increase in annual profit by almost a third to $50.4 million and a record dividend.

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