Murray & Roberts posts rise in H1 earnings
JSE-listed construction firm Murray and Roberts (M&R) on Wednesday posted a rise in earnings for the six months to December 31.
Profit for the interim period under review ticked up to R387-million, from R369-million in the prior corresponding period.
Basic earnings a share increased from 89c in the six months to December 2014 to 94c in the first half of the year under review, while headline earnings a share increased by 1c to 89c.
The group recorded a decrease in revenue to R15.3-billion in the six months to December, compared with R15.9-billion in the corresponding period the year before.
M&R held a net cash position of R988-million as at December 31, 2015 – a rise of 12% compared with the corresponding six-month period the year before.
The construction group’s order book increased to R40.5-billion during the first half of the current financial year, from R37.8-billion at December 31, 2014.