JSE-listed Barloworld has experienced a strong start to its 2017 financial year, with its Southern African equipment division’s order book already standing at R1.7-billion at end-January, up from the previous quarter’s R1.3-billion. This, the company noted, reflected increased activity in the mining and contract mining sectors, as commodity prices continued to improve. “Our joint venture in the Katanga region of the Democratic Republic of Congo generated a profit in the first quarter which was well up on the prior year,” it said in a trading statement.
Source: www.engineeringnews.co.za
Barloworld enters new financial year on strong footing
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