The share price of Murray & Roberts (M&R) dropped by 35% to R4.28 on Monday, following its cautionary announcement predicting a 100% decline in its financial results for the six months period ending on 31 December 2022. Moneyweb CompanyNews NDL_ndumeey
The share price of JSE-listed construction and engineering company Murray & Roberts dropped by 35% to R4.28 on Monday morning, following its cautionary announcement predicting a 100% decline in its financial results for the six months period ending on 31 December 2022.
“In terms of the JSE’s listings requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the next reporting period will differ by at least 20% from the previous and corresponding reporting period,” indicates the company.
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