BRIEF-Murray & Roberts Says Cost Saving Initiatives Have Been Implemented Across Group

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BRIEF-Murray & Roberts Says Cost Saving Initiatives Have Been Implemented Across Group
Credit: © Reuters.

April 3 (Reuters) - Murray & Roberts Holdings Ltd MURJ.J :

* JSE: MUR - FURTHER COVID-19 MARKET UPDATE

* MURRAY & ROBERTS HOLDINGS LTD - COST SAVING INITIATIVES HAVE BEEN IMPLEMENTED ACROSS GROUP

* MURRAY & ROBERTS HOLDINGS LTD - EXPECTED THAT MARKET CONDITIONS WILL BE ADVERSELY IMPACTED IN MEDIUM TERM

* MURRAY & ROBERTS HOLDINGS LTD - WEAK OIL PRICE WILL IMPACT GAS SECTOR IN MEDIUM TERM

* MURRAY & ROBERTS HOLDINGS LTD - CURRENTLY, BULK OF OIL & GAS PLATFORM'S SIGNIFICANT ORDER BOOK OF R30 BILLION, COMPRISES INFRASTRUCTURE SECTOR WORK.

* MURRAY & ROBERTS HOLDINGS LTD - DOES NOT UNDERTAKE ANY OIL PROJECTS, ALTHOUGH WEAK OIL PRICE WILL IMPACT GAS SECTOR IN MEDIUM TERM

* MURRAY & ROBERTS HOLDINGS LTD - SAFE RESTART AND RAMPING UP OF AFFECTED PROJECTS, ONCE ALLOWED, WILL BE A PRIORITY.

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