Aveng Ltd 2019 IR
The report highlights Aveng's strategic transition into an international infrastructure, resources, and mining group during the 2019 fiscal year. The company successfully reduced its debt-to-equity ratio from 127% to 87% through capital market transactions, including a R493 million rights issue and early redemption of a R2 billion convertible bond. Additionally, Aveng secured R1.1 billion in non-core asset disposals to improve liquidity and grew its core operations' order book by 36% to R17.7 billion. Despite these achievements, the company reported a headline loss of R1.54 billion and regrettably recorded two workplace fatalities.
Company: Aveng Ltd
Sector: Industrials
Country: South Africa
Year: 2019
Type: IR
Pages: 128
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Aveng Ltd
Integrated Report
The report highlights Aveng's strategic transition into an international infrastructure, resources, and mining group during the 2019 fiscal year. The company successfully reduced its debt-to-equity ratio from 127% to 87% through capital market transactions, including a R493 million rights issue and early redemption of a R2 billion convertible bond. Additionally, Aveng secured R1.1 billion in non-core asset disposals to improve liquidity and grew its core operations' order book by 36% to R17.7 billion. Despite these achievements, the company reported a headline loss of R1.54 billion and regrettably recorded two workplace fatalities.
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Document Details
Report Year
2019
Reporting Period
Jul 1, 2018 - Jun 30, 2019
Fiscal Year
2019
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees