Revenue from continuing operations decreased by 17% to
(FY2018 H1: R11,8 billion)
Cash, net of debt, decreased to
(FY2018 H1: R1,3 billion; FY2018: R2,0 billion)
Diluted continuing HEPS decreased by 2% to
(FY2018 H1: 55 cents)
Order book for continuing operations increased to
(FY2018 H1: R22,1 billion; FY2018: R30,1 billion)
Attributable earnings increased by 69% to
(FY2018 H1: R110 million)
- Lower contributions from Oil & Gas and Power & Water platforms, partly offset by strong Underground Mining performance. Underground Mining platform order book increased to R25,7 billion (FY2018 H1: R15,3 billion).
- Strong balance sheet and cash position.
- Lost time injury frequency rate (“LTIFR”) improved to 0.63 (FY2018 H1: 1.19). No fatal injuries occurred.
- Independent Board maintains its view that a fair value price range for control is between ZAR20.00 and ZAR22.00 per ordinary share.