M&R loses a third of its value on shock profit news
17 October 2022 - 14:44
UPDATED 17 October 2022 - 22:45
Murray & Roberts (M&R) lost more than a third of its market value on Monday after the construction and engineering group forecast a loss in the six months to end-December, catching the market off guard.
The shares plummeted as much as 41%, the worst on record, before recovering slightly to end 34% lower at R4.33, giving it a market valuation of R1.8bn...
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