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...

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