Aveng appears to be on the road to rehabilitation : vimarsan

Aveng appears to be on the road to rehabilitation


MONEYWEB
LIVESTREAM
Turnaround is resulting in consistent operational and financial improvement.
00:01 
The group appears to be making real progress and is in a much more stable position. Image: Moneyweb
The rehabilitation of JSE-listed construction and engineering group Aveng to financial health appears to be gaining traction despite the disruptions caused by Covid-19.
In a voluntary pre-close trading update published on Wednesday, Aveng said its open-pit mining business Moolmans continues on its turnaround path and has shown consistent operational and financial improvement over the last 24 months while its Australian-based specialist infrastructure subsidiary McConnell Dowell is expected to deliver a strong full-year profit, “with second half profits exceeding the first half”.

Related Keywords

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