Salient features

  • Lost time injury frequency rate improved to 0.79 (June 2014: 0.80). Regrettably four fatal incidents (June 2014: 4) were reported.
  • Revenue from continuing operations of R30,6 billion (June 2014: R36 billion). The reduction is mainly due to subdued markets, primarily in the Oil & Gas sector.
  • Diluted continuing HEPS of 201 cents (June 2014: 205 cents).
  • Attributable earnings of R881 million (June 2014: R1 261 million). The decrease is primarily due to a profit (trading and disposal) of R422 million on discontinued operations included in the FY2014 results and not repeated in FY2015 results.
  • Net cash of R1,4 billion (June 2014: R1,8 billion). The reduction is mainly due to the repayment of advance payments and acquisition funding.
  • Dividend of 50 cents per ordinary share (June 2014: 50 cents per ordinary share).
  • NAV R15 per share (June 2014: R13 per share).
  • Order book of R38,3 billion (June 2014: R40,9 billion). The decrease is mainly due to a decrease in the Oil & Gas platform order book. The Group is constantly adjusting its cost structures according to market requirements.
  • The two internationally focussed platforms, Oil & Gas and Underground Mining, contributed 94% of earnings before interest and tax.
  • Continued growth in the Underground Mining platform order book, which includes the award of R4,8 billion Kalagadi Manganese and R3 billion Booysendal contracts.