Australian order book builds WBHO revenue
The roads and earthworks division doubled its order book
WBHO delivered a "positive" set of annual results to June with upbeat market sentiment in Australia offsetting a dismal political economy in SA and a volatile rand exchange rate. The group said on Tuesday that its building and civil engineering division delivered record revenue at solid margins, while the roads and earthworks division doubled its order book. In Australia, record activity levels achieved in previous years were maintained, WBHO said, even as its construction materials division battled difficult market conditions. The group entered the UK market by buying 40% of a London-based concrete frame contractor, which had provided building structures for the city’s Olympic Games in 2012 and the Shard skyscraper. "We think they are good results in the current [uncertain] market," said WBHO CEO Louwtjie Nel. The generally bad mood in SA had dented business confidence, he said, although the civil engineering division had been boosted by Sasol projects, regional mining work and a S...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.