B & W Instrumentation and Electrical Limited operates in the electrical and instrumentation industry in South Africa and Sub-Saharan Africa. It provides plant erection, equipment procurement, material supply, testing, commissioning, and maintenance services to plants in the infrastructure, mining, chemical, oil and gas, utilities, renewable energy, industrial, and power generation industries. The company offers construction management and supervision services, including planning, organizing, controlling, and monitoring the schedule, quality, and cost of the construction process. It also provides purchasing and inspection services for the client’s equipment, as well as supplies bulk order mat...
42 Fourth Avenue
Founded in 1973
B&W Instrumentation and Electrical Limited Reports Audited Consolidated Earnings Results for the Year Ended August 31, 2013
Nov 18 13
B&W Instrumentation and Electrical Limited reported audited consolidated earnings results for the year ended August 31, 2013. For the period, the company reported contract revenue of ZAR 399,860,000 against ZAR 442,374,000 a year ago. Operating loss was ZAR 45,974,000 against operating profit of ZAR 15,772,000 a year ago. Loss before taxation was ZAR 50,610,000 against profit before taxation of ZAR 10,269,000 a year ago. Loss attributable to owners of the parent was ZAR 36,010,000 against profit attributable to owners of the parent of ZAR 2,882,000 a year ago. Headline loss attributable to ordinary shareholders were ZAR 36,010,000 against headline earnings attributable to ordinary shareholders of ZAR 2,882,000 a year ago. Loss per basic and diluted share was 17.6 cents against earnings per basic and diluted share of 1.4 cents a year ago. Headline loss per basic and diluted share was 17.6 cents against headline earnings per basic and diluted share of 1.4 cents a year ago. Net cash from operating activities was ZAR 549,000 against ZAR 30,005,000 a year ago. Purchase of property, plant and equipment was ZAR 5,842,000 against ZAR 4,283,000 a year ago. Net asset value per share was 73.3 cents against 89.7 cents a year ago. Net tangible asset value per share was 69.3 cents against 85.3 cents a year ago.
B&W Instrumentation and Electrical Limited Provides Earnings Guidance for the Year Ended 31 August 2013
Oct 11 13
B&W Instrumentation and Electrical Limited provided earnings guidance for the year ended 31 August 2013. Accordingly, a review of the financial results for the year ended 31 August 2013 by management has indicated that the earnings per share and headline earnings per share are expected to be at least 20% lower, compared to the earnings per share and the headline earnings per share of 1.4 cents for the year ended 31 August 2012. A further trading statement will be released when there is certainty on the earnings per share numbers. It has been a year of two halves for B&W. Although the write downs of the Madagascar accounts receivable amount in February 2013 are behind us, due to the magnitude of this amount, it has still negatively affected the year ended 31 August 2013 results. However, with the second half of the year being profitable, the company remains confident of returning to profitability in the next financial period.