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South Africa: When Strong Institutions and Massive Inequalities Collide
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MURRAY & ROBERTS HOLDINGS LIMITED – Clough Selected As Head Contractor For The Lombrum Infrastructure Project In Papua New Guinea - SENS
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Anticipates a strong return to profitability in its 2022 financial year. 00:01
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The group has completed its construction work on the Medupi (pictured) and Kusile power stations. Image: Supplied
JSE-listed engineering and construction group Murray & Roberts (M&R) believes its record order book of R60.5 billion at end-December 2020 could grow by about 32% to about R80 billion by end-June 2021.
M&R CEO Henry Laas said on Thursday the group believes it is well positioned for a strong return to profitability in its 2022 financial year and expects further growth in earnings thereafter.
Growth in earnings will largely come from the groupâs energy, resources and infrastructure (ERI) and mining platforms, he said.
M&R expecting lower profit (not a loss) from Gautrain
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