The g spot
WBHO’s nightmare Down Under
WBHO has drawn a line under its Australian losses, after pulling the plug on its 20-year-old Probuild business Down Under
10 March 2022 - 05:00
Once the bluest of construction blue chips, WBHO has suffered the humbling collapse of its Australian business, Probuild, leading to an unprecedented first-half loss of R1.5bn for the period ended December. The FM spoke to CFO Charles Henwood.
There was some uncertainty over whether WBHO has fully quantified its liabilities in Australia — are there going to be any more financial shocks?..
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