Reports Tool + open
 

SALIENT FEATURES

Revenue up 11% to R16,7 billion
Attributable loss reduced by 17% to R528 million, after providing R600 million for costs to complete on the Gorgon Pioneer Material Offloading Facility (GPMOF) project and R231 million on projects in the Middle East.
Order book increased to R57,0 billion
 
- Portside commercial office tower – R1,0 billion
- Booysensdal North Mine, UG2 Project – R1,3 billion
- Beeshoek Mine, Northern Cape – R361 million
- Clough: Ammonium Nitrate/Nitric Acid Plant – R823 million
- Clough: Operations and maintenance services to the Bayu-Undan facilities – R767 million
Health and Safety
 
- Lost Time Injury Frequency Rate (LTIFR) reduced from 1.44 to 1.04
- 3 fatalities compared to 10 in the previous comparable period
Debt Restructuring
 
- Successfully restructured South African term debt and bank facilities
- New debt package of approximately R4,3 billion (previously R3,4 billion)
Announcement of Rights Offer
 
- Proposed rights offer of approximately R2,0 billion to shareholders