Infrastructure, resource and mining solutions company Aveng expects its basic earnings for the financial year ended June 30 to be between 177% and 189% higher year-on-year, at between R860-million and R998-million.
That compares with a basic loss of R1.12-billion reported for the 2020 financial year.
Headline earnings are expected to be between 169% and 183% higher year-on-year at between R652-million and R786-million.
That compares with a headline loss of R950-million for 2020.
Basic earnings a share are expected to be between 2.3c and 2.8c a share, compared with a loss a share of 4.6c, while headline earnings a share are expected to be between 1.8c an 2.1c, compared with a headline loss a share of 4c in the prior year.
Aveng expects to publish its results on August 31.