Group Five H1 loss widens on Ghana project - | cape town south africa vacation

April 13, 2018 5:49 am Categorised in:

Group Five has had a tough first half, with problems and delays at its Kopone power station project in Ghana, compounded by tough conditions at home – as well as retrenchments costs. Revenue for the six months to December fell nearly 15% to R4.9 billion and headline earnings per share weakened from a loss of 310 cents to 781 cents. It hasn’t declared an interim dividend. It has now decided to restructure its business to leave it focused on the areas where it has a competitive advantage. Business Day TV’s Stephen Gunnion caught up with Themba Mosai, CEO of Group Five and started off by asking him if this is as bad as it gets for the group.


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