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SALIENT FEATURES
Financial results:
- Revenue from continuing operations, excluding the Middle East, decreased by 15% to R20,8 billion
- Diluted continuing HEPS, excluding the Middle East, increased by 8% to 212 cents
- Attributable earnings of R48 million (FY2016: R753 million)
- Cash, net of debt, maintained at R1,8 billion
- Dividend maintained at 45 cents per ordinary share
- Order book for continuing operations of R26,9 billion in a tough environment
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PROSPECTS STATEMENT
The Group’s strategy and business model is now clearly defined and the focus is on optimising business performance and growing shareholder value. The Group’s strong financial position and improving financial performance expectations will support its organic and acquisitive growth plans.
The Group’s low order book is reflective of current market conditions, but of a high quality given the prudent approach we apply to mitigate project risk at tendering stage. While there is some cause for apprehension, near orders are looking robust and the medium-term project pipeline is strong, specifically in both the Underground Mining and the Oil & Gas businesses
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FINANCIALS
- Summarised consolidated statement of financial performance
- Summarised consolidated statement of comprehensive income
- Summarised consolidated statement of financial position
- Summarised consolidated statement of changes in equity
- Summarised consolidated statement of cash flows
- Summarised consolidated segmental analysis
- Segmental assets
- Segmental liabilities
- Notes
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Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
JSE Share Code: MUR
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts” or “Group” or “Company”) -
REGISTERED OFFICE:
Douglas Roberts Centre
22 Skeen Boulevard
Bedfordview 2007PO Box 1000
Bedfordview
2008 -
REGISTRAR:
Link Market Services South Africa Proprietary Limited
13th Floor Rennie House
19 Ameshoff Street
Braamfontein 2001PO Box 4844
Johannesburg
2000 -
SPONSOR:
Deutsche Securities (SA) Proprietary Limited -
DIRECTORS:
M Sello* (Chairman)
HJ Laas (Managing and Chief Executive)
DD Barber*
AJ Bester
R Havenstein*
SP Kana*
NB Langa-Royds*
XH Mkhwanazi*
KW Spence1*Secretary:
L Kok1Australian *Independent non-executive