Aveng expects drop in earnings

AVENG, Africa's biggest construction group by market value, expects to report a 30percent to 35percent drop in first-half headline earnings per share as its manufacturing unit suffers under the weight of lower steel prices.

AVENG, Africa's biggest construction group by market value, expects to report a 30percent to 35percent drop in first-half headline earnings per share as its manufacturing unit suffers under the weight of lower steel prices.

It said its business lifted its contribution to the results in the six months to end-December, thanks to an improved performance from its domestic units. -Reuters

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