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| Prospects and Trading Statement |
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Despite the threat of recession in the United States and electricity supply challenges in South
Africa, the directors are of the considered view that fixed capital formation will continue to
develop in all the Group's markets over the foreseeable future.
Murray & Roberts is the leading South African construction and engineering group and its
global presence and reputation has enabled access to significant market opportunity and
the leadership, partners, resources and skills needed to meet this expected increase in
demand.
The primary challenge facing the Engineering & Construction Industry worldwide is the
availability of sufficient skilled leadership and human resource needed to deliver the major
projects and investment programs currently underway and planned for the years ahead.
Murray & Roberts continues to prioritise the recruitment and development of new capacity
into the Group and industry.
Capital expenditure by the Group increased 74% to R698 million (2006: R401 million) in the
half-year, including R180 million in Clough. It is expected that this will almost treble for the
full-year.
The directors expect fully diluted headline earnings for the full year to 30 June 2008 to grow
between 50% and 60% compared with the comparable period to 30 June 2007.
This trading statement has not been audited or reviewed. |
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Roy Andersen
Chairman of the Board |
Brian Bruce
Group Chief Executive |
Roger Rees
Group Financial Director |
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Bedfordview
27 February 2008 |
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