Murray & Roberts readies for higher FY earnings
Construction major Murray & Roberts expects its results for the financial year ended June 30, to show a strong year-on-year improvement, reporting on Thursday that basic earnings a share for continuing and discontinued operations would likely increase from 247c in 2013 to between 305c and 315c in the period under review.
Similarly, headline earnings a share from continuing operations was expected to improve from 132c to between 200c and 210c.
Updating the market on the group’s discontinued operations, Murray & Roberts said the sale of its shareholding in transport infrastructure group Tolcon, as announced last week, remained subject to approval by the Competition Commission and other authorities.
The agreement excluded the investments in the Bombela Concession, the Bombela operating companies, the Entilini Concession and the Entilini operating companies.
In addition, after announcing in June that it had reached a financial settlement with Boskalis Australia over its Gorgon Pioneer Materials offloading facility claim, Murray & Roberts would now receive additional income of R323-million.
It had also made a R300-million provision for its share of potential costs to be incurred as part of a water ingress dispute between the Gauteng province and the Bombela Concession company related to the construction of the Gautrain.
This claim was expected to be settled no sooner than 2016.
Meanwhile, the arbitration process related to the Dubai International Airport claim was ongoing and was expected to be resolved next year.
The group would release its results on August 27.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
