ELB head­line earn­ings rise

The New Age (Gauteng) - - BUSINESS - THELMA NGOMA thel­man@the­newage.co.za

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.

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