Forge flags FY loss of up to $25m FORGE Group has flagged a fiscal 2014 loss of up to $25 million due both to one-off factors and macro conditions. In a statement to the Australian Securities Exchange, Forge warned of a pro-forma full-year earnings before interest, tax, depreciation and amortisation (EBITDA) loss of between $20m and $25m. The group's previous guidance was pro-forma EBITDA of between $45 million and $50 million. The company entered a trading halt last Friday pending its earnings update. The company was forced last year to flag a $127m writedown on its Diamantina and West Angelas power stations due to longer and more costly completion expectations. Earlier this month, the writedown was increased to between $150m and $155m. The Australian reported today that relations between Forge and at least one of its subcontractors on the Diamantina site, KSK Engineering, have soured. The group is understood to have pulled 30 workers off the project in a dispute believed to be linked to delayed payments. The issues have sparked rumours about Forge's survival but the company said its financiers are providing continued support.