ELB headline earnings rise
JSE-LISTED ELB Group has reported headline earnings per share of 158c from 142 cents for the six months ended December.
ELB is an internationally recognised know-how solutions provider and capital equipment supplier in the fields of materials handling, minerals separation, industrial projects and power solutions.
The group operates predominantly in Africa and Australasia.
ELB said that improvements had been reported across all its business segments.
“Notwithstanding the delayed commencement of certain new major projects, the group has a resilient order book and continues with a number of growth initiatives to position itself to achieve sustainable long-term growth.”
Sales increased to R1,7bn from R1.054bn in 2016.
The increase has mainly been in the engineering services segment due to the progression of major projects but there were also significant increases in sales in the equipment and Australasia segments.