Embattled construction company Aveng has recorded a final year loss of R1.1 billion. The company has been struggling to regain ground after nearly folding in 2018. CNBC Africa’s Kopano Gumbi spoke to the CEO, Sean Flanagan for more.
Mining and Construction Company Aveng has delivered another set of poor results .The group reported a headline loss per share of 6 cents and operating loss grew to R484 million from R94 million in the previous year. CNBC Africa reporter Kopano Gumbi spoke with the Aveng CEO and Chairman Erik Diack.
Aveng narrowed its annual loss in 2018 and reduced its debt by R1.5 billion. It says it’s still a going concern for the next 12 months despite the botched acquisition by Murray & Roberts, that many believed was its lifeline. CNBC Africa’s Fifi Peters discussed the results and the failed acquisition with Aveng Chair & CEO, Eric Diack.