Stefanutti blames late payments by debtors and a hefty fine for anti-competitive behaviour for reporting a record R162m loss. Construction company Stefanutti Stocks said on Tuesday that late payments by debtors and a provision for a hefty fine for anti-competitive behaviour were to blame for the company reporting a record…
Tuesday, 14 May 2013 08:00

Buildmax up 10% on trading update

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Share price of Buildmax rises by 10% after it issued a trading update. The share price of construction company Buildmax (BDM) rose by 10% in early trade on Monday to R2.20 at 10.40am after it issued a trading update. It said it expected its headline earnings per share for the…
Monday, 13 May 2013 16:06

Stefanutti drops on profit warning

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Shares in Stefanutti Stocks shed as much as 7% after the construction company said its full year profit to February would fall by as much as 170%. Shares in Stefanutti Stocks Holdings (SSK) shed as much as 7% on Monday after the construction company said its full year profit to…
Investors can hardly accuse power specialist Consolidated Infrastructure Group of not openly addressing the operational and financial risks to the business. The company\'s investor presentation pack dedicates an entire page to a detailed assessment of potential risks. In addition, CIL CE Raoul Gamsu spoke frankly and at length at an…
Afrimat says all its businesses have turned in satisfactory profits in the year to February despite tough trading conditions across most sectors. Afrimat a minerals and construction materials supplier said on Thursday all its businesses had turned in satisfactory profits in the year to February despite tough trading conditions across…
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