Engineering and construction group Murray & Roberts (M&R) says it is “on the cusp of a multiyear period of strong earnings growth”, a claim underpinned by an order book that has grown to an all-time high of R60.7-billion, from R54.2-billion in 2020, as well as a strong project pipeline. The JSE-listed group, which earned 81% of its R21.9-billion in revenue outside of South Africa last year, expects revenue to climb to R30-billion this current financial year and to remain elevated in the 2023 financial year, owing to the multiyear profile it its backlog.
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