Aveng reports 24% increase in earnings

Monday 9th September, 2002
Construction and engineering company Aveng reported a 24% rise in diluted HEPS to 107.3cps for the year ended 30 Jun 02 from 86.8cps a year ago. I-Net Bridge reported a total dividend for the year of 27cps, up from 22.5cps. Both the EPS and dividend were slightly ahead of I-Net Bridge's consensus forecast was for headline EPS of 100cps and a dividend of 25cps. The company reported a 28% rise in revenue to R13.185bn from R10.317bn, while headline earnings were 29% higher at R420.9m from R326.5m before.