AUDITED
ANNUAL
AUDITED
ANNUAL
(FY2019: R20,1 billion#)
(FY2019: R847 million profit#)
(FY2019: R337 million profit#)
(FY2019: 55 cents)
(FY2019: 118 cents profit#)
(FY2019: 114 cents profit#)
(FY2019: R1,8 billion)
# Restated for discontinued operations.
PROSPECTS STATEMENT
Despite the uncertainty in the global economic outlook, the Group believes its New Strategic Future strategy, and the assumptions on which it is based, remains sound.
A significant, quality order book of R54,2 billion and near orders of R11,4 billion, underscore the Board's confidence in the Group's strategy. The Group's financial position is robust and sufficient to fund its growth plans, and debt is within its targeted range.
In the year ahead, the focus will be on growing the order book, improving project execution, improving liquidity, progressing digitalisation, and exiting the Middle East – which the Board believes will support a return to profitability in FY2021 and a path to earnings growth beyond.
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