Groups order book grows by 60% to R50.8bn
Murray & Roberts said on Wednesday it expected its strong order book to support growth in the 2021 financial year because of new contracts secured by the oil and gas business.
M&R, which exited the troubled South African construction industry when it sold its infrastructure and building businesses in 2016, said its order book, which includes a number of multiyear projects, increased by 60% to R50.8bn. The company, headed by CEO Henry Laas, said revenue from continuing operations increased by 11% to R10.8bn for the six months to end December 2019, compared to R9.7bn in the previous year, while operating profit from continuing operations increased by 15% to R419m during the period.
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