Full Year 2024 Murray & Roberts Holdings Ltd Earnings Call Transcript
Key Points
- Murray And Roberts Holdings Ltd (STU:LDYA) has successfully reengineered its organizational structure, reducing overhead costs and improving management efficiency.
- The company achieved a significant reduction in corporate costs, estimating a decrease of ZAR80 million to ZAR100 million for the financial year 2025 compared to 2023.
- The order book increased from ZAR15.4 billion to ZAR17.2 billion, reflecting strong client trust and confidence.
- The company reported an improved financial performance with revenue increasing from ZAR12.5 billion to ZAR13.5 billion.
- Murray And Roberts Holdings Ltd (STU:LDYA) achieved a net cash position of ZAR0.4 billion, a significant improvement from the previous year's net debt position of ZAR0.3 billion.
- The company is still facing liquidity pressures due to the absence of working capital facilities in South Africa.
- There are ongoing costs associated with the voluntary administration in Australia and the deleveraging plan in South Africa.
- The OptiPower division incurred a loss in the previous financial year due to liquidity constraints, delaying procurement and project completion.
- The company has not yet refinanced its ZAR409 million debt, which continues to exert financial pressure.
- The effective tax rate remains high, driven by the level of profitability, which was depressed in the current year.
Good day, and welcome to the Murray & Roberts annual results for the year ended June 30, 2024. This is our results webcast. Welcome to all our stakeholders on the webcast. (Event Instructions) I'd like to ask our Group CEO, Henry Laas, to please kick us off. Thank you very much, Henry.
Thank you for the introduction, Ed. Ladies and gentlemen, good afternoon, and welcome to this meeting where we will be presenting to you our report for the financial year ended June 30, 2024. We do this for Murray & Roberts, which is a reengineered revitalized and refocused group as we move into the new financial year 2025. Daniel Grobler, our CFO, will be co-presenting with me, and Daniel will be taking you through the financials in a bit more detail.
As I said, Murray & Roberts is an engineered or a reengineered group. It has gone through a process of rightsizing the Group cost and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
