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Aveng enjoys first interim headline profit since 2014 One of the few infrastructure firms left standing, it saw a R314m improvement in headline earnings end-December 2020 BL PREMIUM
UPDATED 23 February 2021 - 13:52
Infrastructure and resources group Aveng has swung into an interim headline profit for the first time since 2014, largely due to state support and a resilient market in Australia, and is upbeat about its ability to win new contracts after years of intense focus on its core businesses.
Aveng is among a few infrastructure companies left standing after an industry-wide slump led to the collapse of peers such as Group Five and Basil Read, thanks to its geographic diversification and sharper focus on providing services to mines.
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