Mining and civil contractor MACA has announced a hit to earnings due to underperforming contracts in its Interquip and Victorian infrastructure divisions.

The company released a market update this morning outlining the impact, with Maca’s share price falling more than 20 per cent on the news.

“Earnings have been adversely affected by underperforming contracts in the Maca Interquip and Victorian civil and infrastructure divisions, with all costs on these projects now recognised,” the company said.

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