M&R’s shares leap 20% after expressing optimism about 2021
The group says while the last six months of 2020 should be difficult due to Covid-19, it has a strong order book
25 May 2020 - 12:56
The share price of engineering group and mining contractor Murray & Roberts was on track for its best day in over two years on Monday, according to Infront data, after it said its healthy order book meant it was optimistic about the first six months of 2021.
The group said in a trading update that headline earnings per share (HEPS) for its year to end-June were to fall more than a fifth, but that its order book at the end of March stood at R51.5bn, from R50.8bn at the end of December...
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.