M&R strategy starting to yield planned outcomes
JSE-listed engineering and construction company Murray & Roberts (M&R) expects to show a year-on-year improvement in basic earnings a share of between 19% and 34%, or between 80c and 90c, for the financial year ended June 30.
The company advised on Friday that its basic headline earnings a share would be between 62% and 79%, or between 76c and 84c, higher than for the year ended June 30, 2018.
M&R said the improvement in earnings for the financial year was mostly owing to a smaller loss recorded in discontinued operations.
The group had a strong secured order book of R46.8-billion and near orders of R13.9-billion as at June 30.
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