Underground mining lifts M&R in challenging market
Engineering and construction group Murray & Roberts (M&R) reported a strong rise in results for the six months to December 31 on the back of a robust performance from its underground mining unit, as well as reduced Middle Eastern losses. In addition, the results were buoyed by the fact that a R170-million Voluntary Rebuild Programme charge did not recur durign the period. The payment arose as a result of a deal with the South African government, which followed a well-publicised settlement with the competition authorities, which found widespread collussion in the construction sector.
Powered by WPeMatico