Murray & Roberts eyes return to profit after winning A$400m gas contract
The group expects to return to profitability in its 2021 year, as it starts seeing the financial benefits of recently awarded contracts
Specialist engineering group Murray & Roberts (M&R) says it is optimistic about its growth prospects, as recently awarded contracts start contributing to earnings. It is expecting a return to profitability in its 2021 financial year.
The group said on Monday that construction and engineering subsidiary Clough had been awarded an A$400m (R4.75bn) contract for a gas processing plant in Western Australia, the latest success for a company that exited the construction industry in 2016...