The NRW Holdings (ASX:NWH) share price has plunged 16%. Here’s why

The NRW Holdings Limited (ASX: NWH) share price is plunging today, down 16% at $2.35 in afternoon trading.

Let’s take a look at the mining and construction services provider’s results for the first half of the 2021 financial year ending 31 December.

What financial results did NRW Holdings report?

In this morning’s release, NRW reported a range of strong results. However, today’s sharp share price fall is possibly due to a sizable drop in profits in the half-year.

The positive results include record first-half revenue of $1.168 billion. That’s an increase of 44% from the previous corresponding period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) also increased, up by 28% to $132.8 million compared…