Company Data
| Last traded |
R126.50 |
| Change |
R2.26 |
| % Change |
1.82% |
| Cumulative volume |
52,763 |
| Market cap |
R8.35bn |
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Johannesburg - Construction group
Wilson Bayly Holmes - Ovcon [JSE:WBO] said revenues increased by 16.5% to R8.4bn for the six months ended December 2011, from R7.2bn in 2010 to R8.4bn.
The company said the rise is predominantly a result of increased activity levels in Australia across both traditional markets and the mining and resources sector in Western Australia.
Earnings per share declined by 8.6% to 659 cents per share and headline earnings per share fell by 19.5% to 633c/share.
The company also noted that the effect of the competitive conditions within both the local and Australian markets is evident in the reduction of the group's operating margin from 8.5% to 5.5%.
Operating profit before non-trading items declined by 23.6% to R466m, as against the comparative period of R609m. It remains comparable with profits from the second half of FY2011, which amounted to R481m.