WBHO returns to profitability in a challenging climate
JSE-listed Wilson Bayly Holmes-Ovcon (WBHO) says it delivered significantly improved results for the full-year ended June 30, returning to overall profitability in what remained a challenging operating environment.
The improved performance is primarily attributable to reduced losses in Australia, with efforts to reach the physical completion of the Western Roads Upgrade project in that country having contributed to substantial losses in the previous reporting period.
Further losses incurred in the current period primarily represent the cost of attaining commercial acceptance on the project.
The stronger results were also supported by a rejuvenated performance from the African operations, which have recovered well from the impact of Covid-19 in the latter half of the period, with both revenue and profitability having improved.
In the UK, both the Byrne Group and Russells-WBHO businesses delivered solid results, although activity tapered in the second half of the financial year.
Group revenue for the year decreased by 11% to R38-billion.
Earnings a share, however, increased by 163% to 594c, while headline earnings a share increased by 167% to 620c.
WBHO declared a final dividend of 205c apiece.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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