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Murray & Roberts cautions shareholders

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Cape Town - Murray & Roberts [JSE:MUR] advised shareholders on Monday that the results for the financial year ending June 30 2017 will also be impacted by additional costs, not accounted for in the interim financial results.

It is associated with the completion of the remaining four building projects in the Middle East, scheduled to be completed by the end of the 2017 calendar year.

Accordingly, shareholders are advised that Murray & Roberts expects basic earnings per share (EPS) and basic headline earnings per share (Heps) for the financial year are expected to be more than 20% lower than the basic EPS of 189 cents and the basic Heps of 158 cents reported for the previous comparative reporting period.

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