For the six months ended 31 August 2015
Group Financial Highlights
The Period in Review
Financial Review
Divisional Review
Order Book
Acquisitions
Major Projects Progress
Conclusion
• Revenues up 4,3% to R3,89bn (H1 2015: R3,73bn)
Operating profit up 9,5% to R329,3m (H1 2015: R300,8m)
Group operating profit margin of 8,5% (H1 2015: 8,1%)
• HEPS up 5,3% to 107,0 cps (H1 2015: 101,6 cps)
Cash flow from operations down 30,2% to R375,0m (H1 2015: R537,4m)
• Capex spend of R278,5m (H1 2015: R273,8m)
Order book of R8,2bn (H1 2015: R7,5bn)
Interim dividend of 36 cents per share declared
Consistent results under challenging conditions
Bitumen supply affected by unplanned refinery shutdowns
Strong results from the Materials Division
Positive contributions from acquisitions; all bedded down well
Roads Division executing well; better quality order book
Focus on selective tendering to further improve order book quality
Slow start for Infrastructure Division
Timing of solar project work
Zambia contracts; adopted a cautious approach to execution
Operationally sound
Currency depreciation in September
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