M&R’s underground mining order book rises to R25bn amid oil and gas slowdown

A strong performance from Murray & Roberts’ (M&R’s) underground mining business was insufficient to offset lower contributions from its oil and gas, as well as its power and water platforms in the six months to December 31, 2018. The JSE-listed company reported a 17% fall, to R9.8-billion, in revenue period on period, while diluted continuing headline earnings per share fell a by 2% to 54c.