Murray & Roberts targets order books growth in 2020
The group says the mining cycle appears to have reached a plateau
28 November 2019 - 19:19
Murray & Roberts (M&R) said on Thursday it expected the growth of earnings from its underground mining business to slow down amid expected lower capital expenditure in mining in the next three years.
M&R, which has a market capitalisation of R4.5bn, said in an update to shareholders that, while the underground mining business continued to perform well, its order book declined to R20.9bn as at October 31, compared with R22.8bn in June. The order book for the whole group is R54.8bn...
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