• Wealth and poverty

    True riches would be to create a safe and satisfied community for all South Africans.

  • SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

All data is delayed
Loading...
See More

Aveng forecasts slump in profit

Aug 15 2012 10:05
I-Net Bridge

Company Data

AVENG LIMITED [JSE:AEG]

Last traded 4
Change 0
% Change 0
Cumulative volume 10158
Market cap 0

Last Updated: 25-07-2016 at 09:15. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Building bigwigs in bid-rigging probe

Aveng suffers first-half profit slide

Aveng falls on SA, overseas challenges

Aveng eyes M&A, JVs to ride out slump

 

Johannesburg - Construction and engineering group Aveng [JSE:AEG] says it anticipates that earnings per share and headline earnings per share for the year ended June 2012 will be between 50% and 60% lower than the comparative period’s 302.9 cents and 306.4 cents respectively.

The group's operating segments reflected either steady or improved financial performances compared with the comparative period‚ other than for Construction and Engineering: South Africa which incurred a substantial loss‚ it said.

Encouraging progress was made on previously reported problem contracts in both the Australian and South African construction businesses. Further additional provisions to de-risk some new loss-making construction contracts were considered necessary‚ it said.

The company is due to release its results on September 5.

Aveng shares fell 3.10% to R34.64 on Wednesday morning.

 
aveng

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...