Aveng warns of full-year loss
JSE-listed international engineering-led contractor Aveng has warned shareholders that it is likely to report a loss for the financial year ending June 30, mainly as a result of challenges with the Kidston pumped hydro project and the Jurong regional line project. Aveng in February reported that the two projects, which fall under the Infrastructure Southeast Asia and the Infrastructure Australia businesses, respectively, had accounted for a loss of R885-million for the six-month period to December 31, 2024.
JSE-listed international engineering-led contractor Aveng has warned shareholders that it is likely to report a loss for the financial year ending June 30, mainly as a result of challenges with the Kidston pumped hydro project and the Jurong regional line project. Aveng in February reported that the two projects, which fall under the Infrastructure Southeast Asia and the Infrastructure Australia businesses, respectively, had accounted for a loss of R885-million for the six-month period to December 31, 2024.
