Mastermyne Group Ltd. provided earnings guidance for the first half ending December 31, 2014. The company now expects a breakeven results for the first half ending December 31, 2014 with revenue between $75 million and $80 million. The lower-than-expected first-half result was blamed on delays in the sales pipeline, increased tendering costs and the subsequent effect on equipment utilisation.

The company also continues to see limited utilisation of its equipment fleet, which impacts first-half EBITA margins.