Aug 21, 2012
Protech Khuthele repositioning progressing wellBack
© Reuse this
The bulk earthworks and civil engineering specialist underwent significant internal changes as its 2011 financial year recorded a 10% drop in revenue to R965.8-million and an operating loss before interest and tax of R3.8-million, compared with an operating profit of R77.1-million in the previous year.
Protech said in a statement that it continued to align its structures and processes, while pushing optimisation to enable the firm to maximise benefits from expected optimistic market conditions.
The company initiated a number of functional initiatives that were improving internal processes, while a revised plant operating model would result in improved plant and equipment use, the company noted.
The group strengthened its executive and operational leadership, also recruiting several highly experienced industry experts over the last six months.
Despite challenging market conditions over the last six months, Protech said it was expecting an upturn in the construction market and infrastructure spending.
The firm reported that, despite tight market conditions, over 90% of its budgeted turnover for the financial year had been secured and its order book remained strong.
Further, Protech secured several new multimillion-rand contracts in South Africa over the last six months.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Construction News
Updated 2 hours 22 minutes ago As yet, no specific methodology, timeline or costs have been finalised to remedy the water ingress, excessive to contractual specifications, into the Gautrain tunnel between emergency shaft two (E2) and Park Station, says Bombela Concession Company technical and...
Updated 2 hours 22 minutes ago Multidisciplinary construction and engineering group Aveng Grinaker-LTA has started upgrading the B1 national road between Windhoek and Okahandja, in Namibia, to a dual carriageway at a cost of N$239-million.
Updated 2 hours 22 minutes ago Considering culture differences is critical when trying to localise company machine tools and company divisions to suite different regions, states engineering and machine tools manufacturer Fatek marketing manager Matt Yen.
Updated 7 hours ago Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
A trading demonstration has showcased the applicability, functionality, utility and readiness of the well-established, commercial and financial electronic infrastructure provided by private-sector commodity registry Silocerts and the JSE as a potential platform for...
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
Updated 2 hours 18 minutes ago The international Square Kilometre Array (SKA) radio telescope – which is to be jointly hosted by South Africa and Australia with, later, outstations in other countries – may not yet exist, but international scientific working groups are already deciding what...
Updated 2 hours 18 minutes ago A free Web-based solar power plant capacity-planning tool offers project planners and developers, as well as governments, a means to assess the solar energy potential of thin-film solar PV power over an area of land. The tool was developed by thin-film solar...
Updated 2 hours 18 minutes ago As yet, no specific methodology, timeline or costs have been finalised to remedy the water ingress, excessive to contractual specifications, into the Gautrain tunnel between emergency shaft two (E2) and Park Station, says Bombela Concession Company technical and...
Updated 2 hours 18 minutes ago The “seriously disruptive” electricity outages in South Africa have cost packaging group Astrapak more than R2-million in “irrecoverable downtime costs”, the company said on Monday, adding that the power cuts were negating some of the benefit of energy saving...
Updated 2 hours 18 minutes ago Bakkies and more affordable cars dominated South Africa’s new vehicle market in 2014. Unaudited data from the Department of Trade and Industry (DTI) shows that South Africa’s most popular vehicle in 2014 was the Toyota Hilux, selling 37 562 units.