R/€ = 17.88
R/$ = 15.88
Au 1237.82 $/oz
Pt 955.50 $/oz
Sep 05, 2007
WBHO sees shift to larger, long-lead projectsBack
Construction|Africa|Eskom|Gautrain|Gautrain Rapid Rail|PROJECT|Projects|rail|Roads|Transnet|Africa|Gautrain|Gautrain|Gautrain|Infrastructure
© Reuse this Construction group WBHO Construction starts the 2008 financial year with an order book of R10,6-billion.
The company noted, at a presentation held in Sandton on Wednesday, that the nature of its order book had changed and was now characterised by a greater number of larger projects spread over longer time periods.
With a lot of the industry's attention currently being placed on completing projects before 2010 deadlines, CEO Mike Wylie commented that WBHO was confident that there would be sufficient work continuing post-2010. He noted that Transnet, Portnet and Eskom, for example, would be behind infrastructure development projects in the future.
In the build-up to South Africa hosting the 2010 FIFA Soccer World Cup, the construction sector has been booming with the development of the stadia, the Gautrain rapid-rail project and all the associated development. The event has been hailed as a major catalyst for growth in the country.
The construction industry has been further boosted by government's infrastructure spend totalling over R400-billion.
The high profile projects WBHO is currently involved in include three FIFA World Cup stadiums - the Peter Mokaba stadium in Polokwane, Green Point stadium in Cape Town and King Senzangakhona stadium in Durban, and the King Shaka International Airport, also in Durban.
He added that an upcoming spend on the South African roads network would also take the company beyond 2010.
Wylie said that the group would look to confirm its post-2010 projects closer to the time, but that some projects it was already being considered for would continue beyond 2010.
WHBO reported adjusted headline earnings of R311-million which is up 59% from 2006's earnings of R195-million. This figure excludes the once-off expense of the share-based black economic-empowerment transaction which was completed in October last year.
The group boasted a turnover of R8,1-billion which reflects a 40% increase over the previous year's R5,8-billion. Attributable earnings were up by 39% for the year, to R318-million.
Headline earnings a share were 512,1c a share, compared with 351,7c a share in 2006.
Capital expenditure for the year amounted to R345-million, and some R376-million has been approved for the next financial year.
A final dividend of 85c a share has been declared and, together with the interim dividend of 36c a share, reflects a total dividend of 121c a share for the year.
Edited by: Liezel Hill© Reuse this
To subscribe email email@example.com or click here
To advertise email firstname.lastname@example.org or click here
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
This Week's Magazine
Lifting, transporting, installing and ballasting solutions provider Ale has expanded its global fleet of trailers and invested in the latest range of widening trailers that can be mechanically widened from 3 m to the desired width for any project. Ale ordered 48 axle...
The market for the BMW 7 Series in South Africa differs quite significantly from the rest of the world. China, the US and the Middle East almost exclusively buy the long-wheel-base version, using the German manufacturer’s luxury high-end sedan as a chaffeur-driven...
January new-vehicle sales fell by 6.9%, to 48 615 units, compared with the same month last year. Statistics released by the Department of Trade and Industry show that the domestic new passenger-car market declined by 6.1%, to 34 936 units, compared with 12 months ago.
Information technology (IT) equipment and infrastructure multinational Dell is providing open infrastructure systems for clients so that they can use any systems, including innovative new systems, that suit their business needs, says Dell Europe, Middle East and...
South Africa’s State-owned defence industrial group, Denel, has set up another international partnership, based in Hong Kong. This new subsidiary is Denel Asia and it is a joint venture (JV) with South African private sector company VR Laser.