Macro Enterprises Inc. Announces 2020 Fourth Quarter and Year End Results
Retrieved on:
Friday, April 9, 2021
The Company elected to recognize a $2.1 million loss provision in its fourth quarter operations on an onerous contract set to complete in FY'21.
Key Points:
- The Company elected to recognize a $2.1 million loss provision in its fourth quarter operations on an onerous contract set to complete in FY'21.
- As at December 31, 2020 Macro Enterprises has now exceeded 32 quarters without a single lost time injury.
- During the fourth quarter the Company completed the sale of its interest in the Coastal GasLink Pipeline Project (the "Project").
- On December 15, 2020, the Company completed the sale of Macro Pipeline Construction Inc. ("MPCI"), a wholly owned subsidiary, to Spiecapag Canada Corp. ("Spiecapag").