Aveng Ltd 2020 IR
The report details Aveng's performance for the 2020 financial year, highlighting its strategic focus on navigating the COVID-19 pandemic while maintaining a safe work environment. The company achieved its goal of zero fatalities during the year and improved its key safety, health, and environment indicators. Financially, Aveng restored short-term liquidity, renegotiated its core debt, and grew its core work in hand by 41% to R26.8 billion. Additionally, the company successfully completed non-core asset disposals valued at over R1 billion, with cash receipts of R768 million, while its core businesses, McConnell Dowell and Moolmans, showed operational improvements.
Company: Aveng Ltd
Sector: Industrials
Country: South Africa
Year: 2020
Type: IR
Pages: 84
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Aveng Ltd
Integrated Report
The report details Aveng's performance for the 2020 financial year, highlighting its strategic focus on navigating the COVID-19 pandemic while maintaining a safe work environment. The company achieved its goal of zero fatalities during the year and improved its key safety, health, and environment indicators. Financially, Aveng restored short-term liquidity, renegotiated its core debt, and grew its core work in hand by 41% to R26.8 billion. Additionally, the company successfully completed non-core asset disposals valued at over R1 billion, with cash receipts of R768 million, while its core businesses, McConnell Dowell and Moolmans, showed operational improvements.
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Document Details
Report Year
2020
Reporting Period
Jul 1, 2019 - Jun 30, 2020
Fiscal Year
2020
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
Workplace Fatalities
Employees