Aveng stock tumbles on project delays
The group says delays in Australia and Singapore have resulted in commercial claims and increased forecast costs
14 February 2025 - 08:24
UPDATED 14 February 2025 - 09:58
Shares in Aveng lost a quarter of its value on Friday after the group said it expected to report a loss at the halfway stage of the financial year, after delays and disruptions in two projects in its Southeast Asia business.
Aveng’s shares closed down 25% at R9 on the JSE on Friday, after touching an intraday low of R8.36 at one stage...
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