Wrap Text
Interim results for the six months ended 31 December 2023
Murray & Roberts
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
("Murray & Roberts" or "Group" or "Company")
Interim results for the six months ended 31 December 2023
SALIENT FEATURES
- Order book R14,7 billion (FY2023 H1: R16,1 billion)
- Near orders R10,2 billion (FY2023 H1: R14,4 billion)
- Category 1 project pipeline R21,2 billion (FY2023 H1: R20,3 billion)
FINANCIAL RESULTS
- Revenue from continuing operations R6,6 billion (FY2023 H1: R5,9 billion)
- Earnings before interest and tax from continuing operations R103 million (FY2023 H1: R89 million earnings)*
- Attributable loss R95 million (FY2023 H1: R2 529 million loss)#
- Net asset value R4 per share (FY2023 H1: R5)
- Diluted loss per share from continuing operations 13 cents (FY2023 H1: 26 cents loss)*
- Diluted headline loss per share from continuing operations 16 cents (FY2023 H1: 27 cents loss)*
- Net debt R247 million (FY2023 H1: R1 966 million net debt)
* Restated for Insig Technologies, previously reported as continuing operations, now reported
as discontinued operations.
# After loss of control of MRPL Australia and its subsidiaries.
The board of directors of the Company considers a dividend on an annual basis, post year end. Considering the Group's
financial position, a dividend will not be declared for FY2024.
FOCUSED ON THE FUTURE
The Group's Mining business has been the main contributor to Group earnings for the last decade. This business features
excellent assets, retains its position as a leading mining services provider in Africa and the Americas and is expected
to continue to sustainably deliver meaningful earnings into the future. Following the loss of RUC as part of the voluntary
administration of the Group's companies in Australia in December 2022, it remains the Group's intention to capacitate
Cementation APAC to service the Asia-Pacific mining region, post completion of the refinancing of its debt in South Africa.
South Africa's constrained energy, transmission and distribution infrastructure requires urgent investment to support
additional capacity, which presents longer-term prospects for OptiPower.
The Group is focused on implementing a sustainable and stable capital structure and to establish new facilities with
financial institutions to support its business in South Africa - these initiatives are all progressing well. It is committed
to creating shareholder value from the current low base and to ensure that Murray & Roberts excels as an engineering and
contracting services provider to the global underground mining market and its chosen market sectors in Southern Africa.
Any forward-looking information contained in this announcement has not been reviewed and reported on by the Group's
external auditors.
On behalf of the directors:
Suresh Kana Henry Laas
Chairman of the Board Group Chief Executive
Daniel Grobler
Group Financial Director
Bedfordview
6 March 2024
IMPORTANT INFORMATION
This short-form announcement is the responsibility of the directors of the Company and has not been reviewed or audited
by the Group's auditors. The information disclosed is only a summary of the full announcement and does not contain full
or complete details. Any investment decisions should be based on the consideration of the full interim results announcement
("results"). Murray & Roberts' results were released on SENS on 6 March 2024 and are available on the Company's website
"www.murob.com" https://senspdf.jse.co.za/documents/2024/jse/isse/mur/FY24IRes.pdf
Electronic copies of the results announcement will be emailed to stakeholders upon request from the Company's investor
relations department or our sponsor at jsesponsor@standardbank.co.za, during normal business hours. The investor relations
department can be contacted at ed.jardim@murrob.com.
Registered office: The Interchange, 22 Skeen Boulevard, Bedfordview, 2007 PO Box 1000, Bedfordview, 2008
Directors: TSP Kana** (Chairman) HJ Laas (Managing & Chief Executive) DF Grobler JA Boggenpoel** R Havenstein**
AK Maditsi** A Muller** CD Raphiri**
**Independent non-executive
Secretary: R Davies
Registrar: JSE Investor Services Proprietary Limited, 13th Floor, Rennie House, 19 Ameshoff Street, Braamfontein, 2001.
PO Box 4844, Johannesburg, 2000
Sponsor: The Standard Bank of South Africa Limited
www.murrob.com
email: clientservice@murrob.com
Date: 06-03-2024 10:35:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
