Valmec Limited provided earnings guidance for the full year ending 30 June 2016. After the Company's latest assessment of forecast fiscal year 2016 earnings performance, Management have formed a view that: Forecast fiscal year 2016 revenues is expected to lie within the revenue range included in the company's previous guidance to the market; and forecast EBITDA earnings for fiscal year 2016 is also expected to lie within the forecasted range, albeit within the lower end of the EBITDA % range as included in the Company's previous guidance to the market. This more conservative view takes into account increased competition and pricing pressures within Valmec's larger capital works markets whilst offset to an extent by increased gross profit margins through the Company's diversification of service revenues and long term maintenance contracts.