ANNUAL
RESULTS

FOR THE
12 MONTHS ENDED
30 JUNE 2018

SALIENT FEATURES

R21,8 billion
Revenue
from continuing operations,
increased by 2%
(FY2017: R21,4 billion)
112 cents
Diluted continuing HEPS,
increased by 56%
(FY2017: 72 cents)
R267 million
Attributable earnings increased by 456% (FY2017: R48 million)

R2 billion
Cash, net of debt,
increased by 11%
(30 June 2017: R1,8 billion)
50 cents
Gross annual dividend increased by 11% to 50 cents per ordinary share (FY2017: 45 cents)
R30,1 billion
Order book for continuing
operations increased by 12%
(30 June 2017: R26,9 billion)

Commentary

PROSPECTS STATEMENT

Considering current market expectations, the Group is confident that its growth plans for the next three-year planning period are achievable. Cost management will continue to be a focus and all platforms are targeting levels of overhead costs of about 6% of revenue, through the commodity cycle.

Each of the Group’s three business platforms are at different stages in their strategic development and they continue to diversify their specialist service offerings, to increase growth and margin opportunity and to mitigate risk across different international regions and phases of the project life cycle.

With a well-refined business model and strategy, and a focused portfolio of quality business assets, the Group is committed to drive sustainable growth and earnings improvement. The Group’s robust financial position provides the capacity to support its growth plans.