Data provided by McGregor BFA
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 23.00
Change 0
% Change 0.00
Cumulative volume 737341
Market cap 8.97bn

Last Updated: 17/04/2014 at 04:28. 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 profit to slump

Mozambique expansion for Aveng

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
NEXT ON FIN24X

 
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

DA wants to empower fishing communities - Zille

DA leader Helen Zille says the party has a plan for harbours and small-scale fishing communities.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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