Engineering and contracting group Murray & Roberts (M&R) reported a strong rise in revenue and earnings during its financial year to the end of June, but held back on declaring a dividend, owing to what it described as a significant order book, its expected growth trajectory and future working capital requirements. M&R’s revenue increased to R29.9-billion (R21.9-billion) on the back of a strong increase in revenue from its energy, resources and infrastructure platform, which operates under the Clough brand, and which has a strong presence in the Australian and Asian markets.
