Elb Group, an engineering solutions provider, pushed sales up 63% in the interim period to December 2017 despite a “tough trading environment”. Sales of engineering services more than doubled to R974m in the six months from R452m in 2016. Overall sales rose to R1.7bn from R1bn previously as profit for the period rose to R52m from R46m. There were gains across all business segments — power, construction, mining, minerals and industry. The group also made “significant progress” on big projects, while better penetration in the equipment and Australasia markets drove profits. “The engineering services increase was predominantly on the back of existing large projects, and in particular [a] zinc concentrator in the Northern Cape,” group CEO Stephen Meijers said on Wednesday. “The equipment increase is on the back of improved market penetration and replacement equipment largely from the South African market,” he said. He said the Australasian segment had increased market penetration throug...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now