Aveng has warned shareholders it expects to swing into a loss for the year ended June 30 2023, citing problems in Southeast Asia, primarily from the Batangas liquefied natural gas (BLNG) terminal project.

The setback comes as the Johannesburg-based construction, engineering and mining group was finally making headway after its restructuring path to exit all its noncore businesses to focus on its two cash-generative core businesses: McConnell Dowell and Moolmans, its mining arm in SA...

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