WBHO anticipates at least 15% y/y increase in earnings
Construction company Wilson Bayly Holmes-Ovcon (WBHO) expects its attributable earnings per share (EPS) from continuing operations to be between 15% and 25% higher for the financial year ended June 30.
The company expects to report attributable EPS of between R21.31 and R23.16, compared with the EPS of R18.53 reported for the prior financial year.
Attributable EPS from total operations will also be between 20% and 30% higher year-on-year at between R22.13 and R24.14.
WBHO says it recorded improved margins across most of its business units in the year under review, with activity in South Africa remaining at elevated levels and broadly in line with that of the prior year.
Activity in the rest of Africa also exhibited good growth as the company’s two large projects in Ghana and Liberia performed at peak production.
In the UK, although the operating environment remains depressed, the Byrne Group delivered a healthy result, WBHO states, while the Russell WBHO business bolstered its order book for the coming financial year.
Overall order book levels grew by 23% to R37.6-billion as of June 30, which reinforces the positive short- to medium-term outlook for the company.
The group will publish its financial results on or about September 9.
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