BRIEF-Howden Africa says full-year revenue up 8.2 pct

  • Reuters
  • Stock Market News
BRIEF-Howden Africa says full-year revenue up 8.2 pct
Credit: © Reuters.

March 31 (Reuters) - Howden Africa Holdings Ltd HWNJ.J :

* Fy revenue of r1 604.5 million increased by 8.2 pct

* Fy operating profit of r247.6 million is a 5.5 pct decline from r262.0 million reported in 2015.

* Fy net asset value per share has increased by 20.8 pct to 1 909.22 cents (2015: 1 581.00 cents)

* Capital project spend within power generation, mining and general industry is expected to remain subdued within south africa.

* Expectation is to grow local market share of fabrication technology division.

* Directors have resolved not to declare a dividend. Source text for Eikon: ID:nJsee0051a Further company coverage: HWNJ.J

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