Although JSE-listed engineering and construction group Murray & Roberts’ (M&R’s) power and water and oil and gas segments’ contributions were insufficient for the six months ended December 31, 2018, the group made an active effort to achieve acquisitive growth to complement organic growth and offset order delays.
The company on Wednesday reported a 17% year-on-year drop in interim revenue to R9.8-billion, while its diluted continuing headline earnings per share fell by 2% to 54c, as a result of oil and gas and power and water contract delays and market conditions.