South African construction, cement and engineering firm Aveng increased annual headline earnings per share by 87 per cent to 603 cents, and forecast a year of sustainable business growth.
The group said yesterday revenue for the year to end-June increased 19 per cent to R16,05 billion while operating profit rose 111 per cent to R613 million. Aveng has urged shareholders to exercise caution in dealing in the firm’s shares after Swiss-based Holcim said it will sell 85 per cent of its majority stake to black investors.Aveng owns 46 per cent of Holcim SA.Nampa-ReutersAveng has urged shareholders to exercise caution in dealing in the firm’s shares after Swiss-based Holcim said it will sell 85 per cent of its majority stake to black investors.Aveng owns 46 per cent of Holcim SA.Nampa-Reuters
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