Aveng Ltd 2015 IR
The report details Aveng's financial and non-financial performance for the fiscal year ended June 30, 2015. During a challenging year marked by a headline loss of R578 million, the company made significant progress on its 'recover and stabilise' strategy, achieving R452 million in cost savings. Key liquidity-strengthening actions included the issuance of a R2 billion convertible bond, the sale of the Electrix business for R1.3 billion, and the imminent sale of its South African property portfolio. Additionally, Aveng regained its Level 2 B-BBEE rating and reported a reduction in its all-injury frequency rate, although it regrettably recorded five workplace fatalities.
Company: Aveng Ltd
Sector: Industrials
Country: South Africa
Year: 2015
Type: IR
Pages: 132
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Aveng Ltd
Integrated Report
The report details Aveng's financial and non-financial performance for the fiscal year ended June 30, 2015. During a challenging year marked by a headline loss of R578 million, the company made significant progress on its 'recover and stabilise' strategy, achieving R452 million in cost savings. Key liquidity-strengthening actions included the issuance of a R2 billion convertible bond, the sale of the Electrix business for R1.3 billion, and the imminent sale of its South African property portfolio. Additionally, Aveng regained its Level 2 B-BBEE rating and reported a reduction in its all-injury frequency rate, although it regrettably recorded five workplace fatalities.
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Document Details
Report Year
2015
Reporting Period
Jul 1, 2014 - Jun 30, 2015
Fiscal Year
2015
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Workplace Fatalities
Employees