JSE-listed Stefanutti Stocks on Thursday reported an 11% dip in profit for the first half of the current financial year to R85-million, as an “extremely challenging” trading environment impacts performance. The construction company’s operating profit decreased from R176-million in the six months to August 31, 2015, to R100-million in the six months to August 31, while the operating profit margin contracted from 3.4% to 2.3% during the period under review.
Source: www.engineeringnews.co.za
Stefanutti reports H1 slump in contract revenue, Structures decline bites
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