M&R to report narrowed losses, improved capital structure

JSE-listed engineering and contracting services company Murray & Roberts (M&R) on February 29 said it has made meaningful progress towards implementing a sustainable capital structure. In a trading statement for the six months ended December 31, 2023, the group noted that it would provide further details when it publishes its interim results on March 6. It noted that this would include details about several cost rationalisation and restructuring decisions that had to be taken following a thorough cost review.