Aveng’s earnings plunge pending asset sale finalisation
21 February 2022 - 21:08
JSE-listed Aveng posted a decrease in group earnings and headline earnings for the six months to December 31 2021 due to the reclassification of Trident Steel, which the company is selling, as a continuing operation after being discontinued previously.
The sale of Trident Steel is expected to be completed within the next 12 months, and the business is reportedly performing well and expected to generate sufficient cash to contribute to debt repayment...
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