Aveng rattled by Trident Steel reclassification
Construction group’s share price hit by news that noncore unit had to be treated as a continuing business in its interim results
22 February 2022 - 10:16
UPDATED 22 February 2022 - 18:36
Infrastructure and services group Aveng's share price fell as much as 10% on Tuesday morning as the market reacted to news that reclassification of its Trident Steel subsidiary as a continuing operation helped prompt a plunge in earnings.
In early trade Aveng was trading 7% lower at R19.25, having earlier reached R18.57. The share price has fallen just more than a quarter since February 14, when it flagged the reclassification in a trading update...
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