MURRAY & Roberts (M&R) expects to report next Wednesday that basic and headline earnings per share for the six months ended December had grown between 6% and 19% from the matching period. Traders on Tuesday placed theirbets on the more optimistic range in its trading statement, sending the share price 3.3% higher to R9.30.M&R’s stock has gained 16.13% since last month against the 4.85% decline of the JSE’s construction and building materials index."Despite the improvement in the first half … considering the persisting weak global economy and difficult trading conditions, the group expects a decline in earnings for the 2016 financial year, when compared to 2015," M&R said.Last year, the construction group won a R4.8bn five-year contract at Kalagadi Maganese and a R3bn contract for Northam Platinum’s Booysendal mine.This boosted its underground mining order book to R17.1bn, as at September 30, from R16.8bn on June 30.Last month, the company said that its Australian subsidiary Clough a...
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