| 02-08--06 |
| CONSTRUCTION INDUSTRY IN GOOD SHAPE |
| Construction and engineering group Murray & Roberts has announced that
headline earnings for the past financial year will be higher than previously
indicated. In a statement released through the JSE Limited, the company
indicated that before an adjustment for the once-off charge relating to its
recent BBBEE transaction, headline earnings will show 20% to 30% growth on the
Group’s previous year result.
Group Chief Executive Brian Bruce says “Conditions in the South African construction market have continued to improve over the past half-year. This has increased efficiency throughout our operations, with improved utilisation of people and resources. In particular, the final quarter has seen new levels of demand for all sectors of construction materials.” “International markets have also been positive overall, with the Group expecting improved performances out of Canada and Middle East.” he said, adding that no real return was expected this year from its investment in Australian company Clough. For further information contact: Murray & Roberts Client Services |
