The completed Tugela River bridge.
|
|
- Prosper Carroll
- 5 years ago
- Views:
Transcription
1 The completed Tugela River bridge.
2 THE NINETIES: A DECADE OF GROWTH 1992 Tugela River bridge During the 1990s the company experienced exponential growth and took on technically challenging projects, including the Tugela River bridge in 1992, the Majuba power station in 1996 and the Nchwaning Shaft No. 3 at Black Rock in the Northern Cape. Glynn Williams left the company in early 1990 and after several unsuccessful replacements Dermot Quinn joined Stefanutti & Bressan in 1992 as financial manager. Coming from a listed environment he was surprised to find a company being run by a group of engineers who felt safer test-driving new plant in the yard than test-driving the new computer equipment in the office. At the time the company owned one XT computer and the director s secretary was still using a trusty IBM typewriter to type up all correspondence and tenders. In terms of engineering the spirit of the company had always been entrepreneurial and the nineties would prove to be both ambitious and adventurous for the group. With the recruitment of John Jackson (who was faced with the same initial culture shock as Deryck White), the company now had in-house expertise in the incremental launching of bridges. When a tender was put out for the construction of a four-lane divided carriageway with two alternative bridge decks, Stefanutti & Bressan (Pty) Ltd submitted a proposal for a bold single deck with an overall width of 20.75m accommodating a four-lane undivided freeway. The Tugela Bridge project was awarded to the company and construction of the largest incrementally launched bridge in the country was completed in 1993, winning the prestigious Fulton Award in 1994 for excellence in the use of concrete. In 1994 Stefanutti & Bressan built the first concrete sugar conditioning silos in the world for Big Bend Sugar Mill in Swaziland. The cylinder is 30m in diameter and 60m high! The company also built the second concrete sugar conditioning silo in the world for Mhlume Sugar Mill in Swaziland in Dermot Quinn joins S&B 1993 Opens an office in Mozambique 1994 Builds first conditioning concrete silo in the world 1995 Garth Perry joins S&B with equity in the holding company 1996 Opens Gauteng office 1996 Majuba cooling towers 1997 Gino and family move to Johannesburg from Durban First project in Zambia 1999 Nchwaning Shaft No. 3 The Tugela River bridge prior to the first launch. A SOLID FOUNDATION STEFANUTTI & BRESSAN 29 John Jackson christens the Tugela River bridge. Pictured from left to right are John Pereira - general foreman, Mauro Stefanutti - Gino s younger brother and site engineer on the Tugela River project and Clive Reucassel - contracts manager at the time.
3 THE MOVE INTO MOZAMBIQUE In 1993 the second foray into Southern Africa occurred when Stefanutti & Bressan undertook major repairs to a group of cylindrical silos in Maputo, Mozambique. The project was in excess of US$1 million and upon completion a Mozambique office was established. Once on site 95 local people were employed and, against difficult odds, the team managed to find a place to stay; train the local workforce; find usable scaffolding in the old Maputo building yards; get all the relevant materials to site; and complete the project to the German client s satisfaction. The civil war was officially over. However, the country was still littered with landmines, materials were a commodity and resources scarce with the majority of the locals never having been exposed to any construction work due to the long civil war. The pioneering team included Martin du Rand (who had just joined Stefanutti), Louis Pereira (the only Portuguese speaker in the group), Anthony Pillay and a core team of six skilled staff members. The Mozambique office went on to work on many projects, including the BP fuel depot, MIPS container terminal Chicumbane, Maputo fishing port, Tshai Tshai (a joint venture), a sugar terminal for the Sugar Association, the Japanese Embassy, Encell offices, the EU Embassy, the rehabilitation of Ximavane and the Polano Casino. BP jetty. Rehabilitation of the MIPS terminal. First project in Mozambique - major repairs to a group of cylindrical silo s in Maputo. A SOLID FOUNDATION STEFANUTTI & BRESSAN 30
4 WORKING IN MOZAMBIQUE, AFTER THE CIVIL WAR (Source: Paulo dos Santos) 1. PURCHASING CEMENT : As soon as cement arrived at the Maputo train station word would spread. We would immediately send all available vehicles to the station where we would proceed to buy as much cement as we could load onto the vehicles. Cement was only sold for cash and auction style. 2. CRIME : Serious crime was unheard of in the early days but petty crime was rife. In order to stop our vehicles being stripped while we went to meetings, we had to employ drivers to sit inside the vehicles for the duration of our absence. However, if our mirrors or lights did go missing, we were always able to buy them back in the informal market at Chipaminga 3. LANDMINES & HAND GRENADES : An arms caché We had quite an interesting incident while we were demolishing an old building on the outskirts of Maputo where we uncovered quite a large arms caché, which consisted of a couple of large bags of hand grenades. We immediately informed the local police station who, much to our surprise, did not even bother to come to the site and verify our find. Two days later a man arrived, loaded two bags into his vehicle and left. About a week later a different man arrived and left with the balance of the grenades. We never did find out who these people were or what actually happened to the hand grenades Building our office While we were building the boundary wall for our office in Maputo we uncovered a land mine. Again, the local police were informed. They came out to the site, looked at the landmine and instructed us all to move back while they proceeded to detonate it. After informing us that it was safe to get back to work, they climbed back into their vehicle and drove off, leaving most of us with our mouths hanging wide open. Too close to home Before commencing work on the EN1 (the main road north) our client informed us that the area had been de-mined. Just to be sure we brought in an independent company to search the area who uncovered a further 56 mines in an area of approximately 100m 2!
5 Introduced by Willie Meyburgh, the wishing well concept sees a silver coin put into the first structural concrete placed on all sites. All for good luck and, to date, it has worked very well!
6 Exponential growth During the mid-90s Gino recognised that the KwaZulu- Natal construction market could not satisfy the company s expansion needs and set his sights on the bigger market of Gauteng. Through Martin du Randt he approached Willie Meyburgh to start up a civils operation in Gauteng and, in April 1996, Willie left the major listed construction group he had been working for to establish Stefanutti & Bressan Civils (Pty) Limited. The company initially operated from a humble 100m 2 of prefab offices in Kempton Park, but the promising prospects in the province would bear much fruit in the years to come. Willie brought with him a good knowledge of the market conditions in Gauteng and the adjoining provinces. He also brought a vast number of new clients with him and introduced a wishing well concept whereby it became a company tradition to place a silver coin into the first structural concrete placed on site to date a ritual that has stood the company in good stead! The first major project of the Gauteng office was to construct the Majuba cooling towers near Standerton for Eskom. Client DB Thermal awarded the contract to a Stefanutti & Bressan joint venture, valued at R149 million. At the time the project value was R50 million more than the combined group turnover of R89 million for the financial year ending February The four-year project was completed one year ahead of schedule and the company was catapulted into another dimension. Clients and competitors in the province started paying attention to the new entrant into the Gauteng market and fierce competition ensued as Stefanutti & Bressan began to muscle in amongst the bigger contractors. The pioneering group successfully priced and completed technical projects such as the Nchwaning decline shaft near Black Rock and the AAA plant for Sasol, using a precast method. A number of other projects with blue chip companies followed soon and, by the turn of the century, Stefanutti & Bressan was established and recognised as a worthy competitor in the civil construction market in Southern Africa. The Majuba cooling towers and Nchwaning decline shaft both received the Fulton Award for excellence in the use of concrete. In 1998 the company formed a three-way joint venture to build the Zambezi Smelter on the Copper Belt in Zambia. Two years later, upon completion of the project, Stefanutti & Bressan Zambia, the third Southern African office of the company, was established and has since been responsible for numerous Zambian projects from the Eastern Province down to Livingstone. A SOLID FOUNDATION STEFANUTTI & BRESSAN 33
7 The Stefanutti & Bressan offices in Kempton Park.
8 THE TWENTY-FIRST CENTURY It had always been part of the Stefanutti & Bressan vision to start operations on the international front. During the period 2001 to 2004 efforts were made to expand the business into the United Kingdom and Australia and, although this was not accomplished, international expansion remained on the radar screen. Whilst international efforts had proven unsuccessful, new South African operations, a piling operation (headed up by Shaun Nell) and the new Gauteng-based earthworks company spawned from the civils company in Gauteng. Expansion followed into Botswana, Zambia and Angola in The building operations became more prominent and Howard Schwegmann joined the group in KwaZulu-Natal to boost this discipline. The building boom gripping South Africa from around 2004 further motivated the opening of a Gauteng building operation in 2005 which was rapidly followed by a Cape Town operation in 2006, headed up by Peter Leppan. In 2004, due to ill health, Garth Perry, who had been with the company since 1995, stepped down and sold his shares back to the company. In 2005 the group s annual turnover had increased to R652 million and market indicators showed that positive growth lay ahead. The group, at this stage, consisted of 10 private companies, all with various degrees of shareholding by management. (Part of Stefanutti & Bressan s success and growth was due to the principle of giving equity to management whenever a new company was established.) In order to raise capital for further growth, other than by means of internal funding, listing on the JSE was a serious consideration Establishment of an office in Angola 2003 Forms piling and geotechnical division as part of the civil structures operation 2005 Restructuring of group 2005 Incorporation of earthworks company into the group 2005 Opening of Gauteng building operations 2006 Opening of Cape Town building operations 2006 Acquisition of ECMP 2007 JSE listing 2007 Acquisition of Skelton & Plummer 2007 Acquisition of Civil & Coastal In 2003 S&B established a piling division, mainly operating in the Durban and coastal areas. In 2005 an independent piling company was established and funds were made available for the purchase of modern equipment. The new company soon secured two significant contracts, PFG Glass Factory in Springs and IFAFI Marina at Hartebeespoort Dam. The company, now named Geotechnical & Piling to reflect its multi-disciplinary capacity, operates in piling, lateral support, open-cut mining and dolomitic grouting fields Acquisition of Stocks Limited for R1.1 billion A SOLID FOUNDATION STEFANUTTI & BRESSAN 35
9 In 2000 the largest waterproofing project in South Africa was put out to tender for Melrose Arch (pictured above). The brief was for a product of the highest standards and durability irrespective of costs. Stefanutti & Bressan were invited to submit their proposal. After much to-ing and fro-ing the client was still in two minds about the merits of the product versus the cost and called a meeting to discuss the S&B proposal. The client raised concerns with regards to the fact that the proposal submitted by S&B was a first, not only in the country, but also for S&B, to which Gino replied: You are correct. But we had previously never built cooling towers for a power station before; we had never built a refinery blast proof control room before or launched a double-deck incrementally launched concrete bridge - and we did all three first time and on budget, finishing well before the deadline AND went on to win the Fulton Awards for all three! Three days later the contract was awarded to Stefanutti & Bressan.
10 Up until 2004 the group had grown amorphously by uniting certain common shareholdings with new management skills and forming new companies. The directors of the group realised that, in order to meet their long-term objectives, the group would have to be restructured into a formal group structure. This process was completed by Dermot in October 2005 as a pre-requisite to the listing and, in February 2006, the first consolidated results were presented, reflecting a group turnover of over R1 billion. In late 2005 a BEE deal was entered into with partner Mowana Investments acquiring 11.3% in the group. Following a very long internal process and much soul searching, Stefanutti & Bressan entered into discussions with ECMP in early The transaction with the civil engineering company (specialising in the design, construction and maintenance of tailings dams and open pit contract mining for the mining groups), was concluded in early In August 2007, after 34 memorable years and four months of intense work and negotiation as a private company, Stefanutti & Bressan listed on the JSE. Over the last three decades company growth had been via organic means and growth by means of acquisitions now presented a new and challenging concept to shareholders. To afford employees the opportunity to also own a piece of Stefanutti & Bressan, an employee share trust was established, using some of the shares that Garth Perry had sold back to the company on his departure in In 2003 the Southern African potential was again explored and Angola was earmarked for expansion. The first project was a Grant Aid project by the government of Japan for the state-owned Josina Machel Hospital. The neglected hospital was restored, refurbished and turned into a fully operational hospital with modern facilities. Upon completion of this project the Angolan office went on to build a shopping centre and a R300 million oil tank project for Algoa Oil and Son-Angol. A SOLID FOUNDATION STEFANUTTI & BRESSAN 37
11
12 Stefanutti & Bressan Holdings Limited Share Code: SFB Short name: S&B
13 A LISTED COMPANY By the time of its listing the group almost covered the full spectrum of civil engineering and building contracting. Two further acquisitions followed in 2007 a controlling interest in Skelton & Plummer, a mechanical and electrical engineering company and a controlling stake in Civil & Coastal, civil & marine specialists. The acquisition of Civil & Coastal afforded the group entry into the marine works market, as well as an opportunity to increase the group s footprint in the Western Cape and Angola. Post listing, Schalk Ackermann and six other directors joined the civil company in Gauteng to boost operations. However, with the construction market increasingly buoyant, skills at all levels were at a premium. When it became known that that international construction group Stocks Limited was planning entry into the listed environment, negotiations were entered into whereby it was proposed that Stocks joined the Stefanutti group. A few days before Christmas in 2007, overlooking the Atlantic Ocean from the terrace of the Radisson Hotel in Cape Town, Gino Stefanutti, Willie Meyburgh and Dermot Quinn from Stefanutti and Stephen Pell, Rob King and Willie Erasmus from Stocks agreed that there was indeed synergy and merit for Stocks to join the Stefanutti group of companies. The transaction was concluded on 23 July A SOLID FOUNDATION STEFANUTTI & BRESSAN 40
14
Founding members:. Pictured from left: Harry Skelton, Colin Plummer, Francis Sieberhagen (secretary to Harry and Colin), Richard Leitao, Aubrey
Founding members:. Pictured from left: Harry Skelton, Colin Plummer, Francis Sieberhagen (secretary to Harry and Colin), Richard Leitao, Aubrey Michel, Ian Wright and Roy Dukes. Established: 1983 Acquired:
More informationSky City Entertainment Group Annual Meeting. Managing Director s Address
Sky City Entertainment Group 2002 Annual Meeting Managing Director s Address Thank you Jon and good morning ladies and gentlemen. 2002 has been another busy and successful year for Sky City. Jon has alluded
More informationIN AFRICA WE CAN DO IT
IN AFRICA WE CAN DO IT South Africa s Project Management Experiences as an South African Export Presentation by Sean Flanagan African Rhythm Project Management Conference 22 April 2002 Paper presented
More informationTRANSPORTATION: Airports and Aviation Services
TRANSPORTATION: Airports and Aviation Services Profile Our background GIBB is a leading multi-disciplinary engineering consulting firm based in South Africa with 67% Black ownership. The firm has a strong
More informationMEGA MPUMALANGA ECONOMIC GROWTH AGENCY
MEGA MPUMALANGA ECONOMIC GROWTH AGENCY OFFICIAL ECONOMIC DEVELOPMENT AGENCY FOR THE PROVINCE OF MPUMALANGA TRADE AND INVESTMENT PROMOTION Mpumalanga Province Location Limpopo Province Mpumalanga Gauteng
More informationLiberty Two Degrees strengthens its regional dominance through the opening of its 22, 000m² retail phase of Midlands Mall
Liberty Two Degrees strengthens its regional dominance through the opening of its 22, 000m² retail phase of Midlands Mall Extended Midlands Mall offers over 200 stores of retail and leisure space On 15
More informationREPORT OF THE CHAIRMAN AND MANAGING DIRECTOR. Report of the. Chairman and. Managing Director
Report of the Chairman and Managing Director 10 We have pleasure in reporting to shareholders the Group s results as follows : Year to 31st Year to 31st December 2000 December 1999 HK$ HK$ Turnover 439.6
More informationProvincial Review 2016: KwaZulu-Natal KwaZulu-Natal
Provincial Review 2016: KwaZulu-Natal KwaZulu-Natal KwaZulu-Natal has a strong role in South Africa s manufacturing and agriculture, and has its largest port and main North-South freight corridor. Its
More informationNacala Business Campus
Nacala Business Campus Mozambique August 2013 ZAMBIA CHIPATA MALAWI TANZANIA Niassa Cabo Delgado PEMBA Gas Nacala is rapidly moving towards its watershed moment; either it will expand into one of the largest
More informationGALAXY ENTERTAINMENT GROUP
GALAXY ENTERTAINMENT GROUP RECORD HALF YEAR GROUP ADJUSTED EBITDA OF $5.8 BILLION, UP 23% YEAR-ON-YEAR NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS GREW 35% TO $4.6 BILLION FURTHER STRENGTHENED LIQUID BALANCE
More informationHARMONY GOLD AND NEWCREST FORM PAPUA NEW GUINEA GOLD JOINT VENTURE
HARMONY GOLD AND NEWCREST FORM PAPUA NEW GUINEA GOLD JOINT VENTURE The world s 5 th largest gold producer, Harmony Gold Mining Company Limited ( Harmony ) and Australasia s largest gold company, Newcrest
More informationNO COMPROMISES AS FEATURED IN AUSTRALIAN CONSTRUCTION FOCUS
NO COMPROMISES FOCUS ON: PHOENIX CONSTRUCTIONS NO COMPROMISES PHOENIX CONSTRUCTIONS Phoenix Constructions Pty Ltd has the knowledge and experience necessary to tackle major projects, and the integrity
More informationOverview. Mining projects map
Mine As one of Australia s leading contract mining companies, BGC Contracting has been successfully delivering contract mining and infrastructure projects to an impressive list of resources clients for
More informationFor personal use only
For the period ended 30 September 2014 HIGHLIGHTS STORMONT (TASMANIA) JOINT VENTURE GOLD PROJECT MINING AND PRODUCTION COMPLETED. LORENA GOLD PROJECT CONSTRUCTION CONTINUES TO ADVANCE. COMMISSIONING EXPECTED
More informationCatchment and Lake Research
LARS 2007 Catchment and Lake Research Multilateral versus bilateral agreements for the establishment of river based organizations: comparison of legal, economic and social benefits in the Zambian experience.
More informationShenzhen Longhua MAINLAND AND OVERSEAS GROWTH. total route length of railway operations outside of Hong Kong
EXPANSION IN MOTION EXECUTIVE MANAGEMENT S REPORT MAINLAND AND OVERSEAS GROWTH 664.5 km total route length of railway operations outside of Hong Kong Shenzhen Longhua full line operation from 16 June 2011
More informationFirst Thunderbox gold now anticipated in June Quarter 2016
Corporate Details: 16th September 2015 ASX code: SAR Corporate Structure: Ordinary shares on issue: 792.8m Unvested employee performance rights: 7.3m Market Capitalisation: A$340m (share price A$0.43)
More informationSADC SELECTED ECONOMIC AND SOCIAL INDICATORS, 2016
SADC SELECTED ECONOMIC AND SOCIAL INDICATORS, 2016 1. INTRODUCTION This report is an attempt to provide data series and a brief trend analysis of the major socio-economic characteristics of SADC region
More informationAuthorised Distributor for Mobil
Authorised Distributor for Mobil Company Profile 2016 2 About Us Lubrication Specialists (PTY) Ltd was established in 18 as a joint venture company between ExxonMobil Corporation and Manica Group Namibia
More informationTat Hong Reports 13% Decline in FY2017 Revenue
FOR IMMEDIATE RELEASE Registration No: 199105392H Tat Hong Reports 13 Decline in FY2017 Revenue - Cash and cash equivalents of S$114.3 million - Cash flow from operations of S$85.2 million - Net gearing
More informationintegrated ANNUAL report 2012
integrated ANNUAL report 2012 mission, vision, strategy AND VALUES Mission To develop and manage world-class airports for the benefit of all stakeholders Vision To be a world-leading airport business Strategy
More informationcell February 2012 PROPOSED ECOTOURISM ADVENTURE ACTIVITY IN THE TOKAI FOREST
22 Ellis Park Drive Durban 4051 info@canopytour.co.za fax 0866 351 653 www.canopytour.co.za cell 0824533970 Michael Slayen Table Mountain National Park SANParks 20 February 2012 Dear Mr. Slayen PROPOSED
More informationCHINGOLA-SOLWEZI-JIMBE RAILWAY LINE
From a landlocked to a land linked Zambia CHINGOLA-SOLWEZI-JIMBE RAILWAY LINE Presented by Ministry of Transport Works Supply and Communications and October 2013 Presented to PUBLIC-PRIVATE DIALOGUE FORUM
More information2009 Annual General Meeting
2009 Annual General Meeting Managing Director s Address October 2009 Steve Gostlow Agenda Contents 1 Capital Structure 2 Company Profile 3 FY09 Key Highlights 4 FY10 Operational Update 5 Gorgon Update
More informationRecord Result. 2006/07 Full Year Results Investor Presentation. Moved on successfully following bid. Profit before tax % to $1,032 million
2006/07 Full Year Results Investor Presentation August 16 2007 Record Result Moved on successfully following bid Profit before tax + 53.8% to $1,032 million Group returning above Cost of Capital 2 Key
More information1.0 Introduction Zambia s Major Trading Partners Zambia s Major Export Markets... 4
Bank of Zambia CONTENTS 1.0 Introduction... 3 2.0 Zambia s Major Trading Partners... 3 3.0 Zambia s Major Export Markets... 4 4.0 Major Source Countries Of Zambia s Imports... 5 5.0 Direction Of Trade
More informationASX & Media Release. Myer forms strategic retail alliance with the purchase of 65 percent stake in sass & bide. Monday 7 February 2011
ASX & Media Release Myer forms strategic retail alliance with the purchase of 65 percent stake in sass & bide Monday 7 February 2011 Myer Holdings Limited (MYR) today announced that it will acquire a 65
More informationCorporate Overview Brochure
Corporate Overview Brochure Vision: To be recognised as the master distributor, stockist and supplier of reputable brands into Africa. Mission: By consistently exceeding customer expectations, utilising
More informationInvestment Opportunities
Investment Opportunities Industrial Manufacturing Dry Port Construction Materials Transport and Logistics Food Processing Complete Investor Solutions Industrial Land Access to Electricity All-weather Roads
More informationInvestor Update April 2009
I t U d t Investor Update April 2009 Strong First Half Performance Revenue $78.9 million, 26% pcp Pre-tax profit $15.5m, 45% pcp Net profit after tax $12.2m, 63% 2m pcp Earnings per share of 6.7c, 31%
More informationFor personal use only
4 January 2013 Macmahon responds to Sembawang announcement Macmahon Holdings Ltd (ASX:MAH) notes the announcement yesterday by Sembawang Engineers and Constructors Pte Ltd (Sembawang) regarding two proposals
More informationAfrica--east Coast, Mozambique, Port Of Beira (SuDoc D 5.356:61142/991) By U.S. Dept of Defense
Africa--east Coast, Mozambique, Port Of Beira (SuDoc D 5.356:61142/991) By U.S. Dept of Defense Apr 20, 2012 when its Red Sea coast was lost to the new state of Eritrea. It lost access to its former ports
More informationWestern Cape Destination Performance Report: April-June 2016
Number of arrivals (millions) Western Cape Destination Performance Report: April-June 2016 Global Tourism Performance According to the United Nations World Tourism Organisation, international tourist arrivals
More informationCoopetition. Sleeping with the Enemy or Strategic Alliances? Mike Williams Senior Consultant GainingEdge
Coopetition Sleeping with the Enemy or Strategic Alliances? Mike Williams Senior Consultant GainingEdge Coopetition Working with your competitors? Coopetition Companies work together for parts of their
More informationSETTING THE GLOBAL STANDARD
SETTING THE GLOBAL STANDARD BHP BILLITON LAUNCHES ITS MARKET-LEADING ALL EMPLOYEE GLOBAL SHARE PLAN CASE STUDY FACTS BHP Billiton is the world s largest diversified resources company, with over 38,000
More informationFor personal use only
31 January 2012 DIRECTORS Michael Fry Chairman Ian Prentice Managing Director Darren Misquitta Executive Director Robert Kipp Non Executive Director Matthew Driscoll Non Executive Director Suzie Foreman
More informationChristopher Rex, Managing Director
Christopher Rex, Managing Director AGENDA FY2013 Year in Review Delivering on our Growth Strategy Development Update Outlook 2 3 RAMSAY HEALTH CARE 121 hospitals in five countries Circa 12,000 beds Employs
More informationBUILDING BETTER COMMUNITIES
BUILDING BETTER COMMUNITIES AS FEATURED IN AUSTRALIAN CONSTRUCTION FOCUS BUILDING BETTER COMMUNITIES BUILDING BETTER ABERGELDIE COMPLEX INFRASTRUCTURE COMMUNITIES ABERGELDIE COMPLEX COMPLEX INFRASTRUCTURE
More informationPersonnel views of Barrie Old one of Peter Lind site engineers Renfrew Bypass (M8) (February 2018).
The Renfrew Bypass (M8) A Personal Look Back To 50 Years + Ago When I reported to the Peter Lind site office on Renfrew Road Paisley (The Old Fire Station) on the 15 th November 1965 aged 20 years, as
More informationIcelandair Group Profits before Taxes ISK 3, 1 billion
Earnin Earnings Release Reykjavík, 20 February 2007 Icelandair Group s results for 2006 Icelandair Group Profits before Taxes ISK 3, 1 billion Business Highlights 2006 Net profits before taxes (EBT) ISK
More information20 November Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA.
20 November 2018 Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA Dear Sir / Madam RE: 2018 Annual General Meeting Address to Shareholders
More informationALAN GOLDING ANALYTIKA HOLDINGS (PTY) LTD. Exploration Management, BOTSWANA
ALAN GOLDING ANALYTIKA OLDINGS (PTY) LTD Exploration Management, BOTSWANA World Coal July 2014 The challenges in the development of Botswana s coal resources. Where is Botswana? Gabon Congo Dem Rep of
More informationWorld-Class. World-Wide.
World-Class. World-Wide. FINCANTIERI MARINETTE MARINE FINCANTIERI BAY SHIPBUILDING FINCANTIERI ACE MARINE Complete Marine Solutions. Complete Marine Solutions. Complete Marine Solutions. Complete Marine
More informationOther conditions that were issued with the positive record of decision included noise pollution and fuel transportation to the new airport site.
King Shaka International Airport, La Mercy The new King Shaka International Airport located at La Mercy, approximately 35 kilometers north of Durban s city centre, is really a national project that is
More informationafrica s hospitality market
africa s hospitality market Year in Review 2016 Ghana Nigeria Ethiopia Addis Ababa Kenya In this issue 3 Introduction Windhoek Zambia Lusaka Gabarone Pretoria Dar es Salaam Hahare Namibia Zimbabwe Botswana
More informationBackground Information Document & Invitation to Comment
Background Information Document & Invitation to Comment Basic Assessment for the Proposed Cultural Tourism Lodge Development at Lake Bhangazi (South), isimangaliso Wetland Park, KwaZulu-Natal Overview
More informationIII. TRADE IN COMMERCIAL SERVICES BY CATEGORY
. TRADE IN COMMERCIAL SERVICES BY CATEGORY The Highlights Transportation services Rising seaborne trade and air traffic contribute to the increase of transportation services trade In a context of rising
More informationThe International Resource Journal
PETROTRADE Onsite zimb petr 2 October 2009 Sudbury abwe s otrade navigates currency change to success By Anna Guy The name Zimbabwe is derived from Dzimba dza mabwe, meaning great houses of stone. The
More informationColindale Gardens Site Visit
Colindale Gardens Site Visit 04 April 2017 Agenda Introduction John Tutte Group Chief Executive Colindale Gardens Overview Mark Parker Managing Director Tour of marketing suite Site visit 2 Introduction
More informationSaint Helena Bay Seaweed Mariculture Initiative South Africa
14 Saint Helena Bay Seaweed Mariculture Initiative South Africa IOI Operational Centre Involved: IOI-Southern Africa, located at the University of the Western Cape, Cape Town, South Africa Project Coordinators:
More informationOutlook: FY13 EBITDA guidance $28M - $29M. Pursuing contracted 300MW in 2013 growth strategy. FY13 maiden franked dividend payment expected
ASX CODE PEA ISSUED CAPITAL Ordinary Shares 360.8M Options 10.7M KPS CONTRACTED CAPACITY 240MW HYDRO CONTRACTED CAPACITY 6MW 14 February 2013 STRONG ORGANIC GROWTH UNDERPINS RECORD PACIFIC ENERGY RESULT
More informationCOSCO CORPORATION. (SINGAPORE) LTD FY2003 Full Year Results. Presentation
COSCO CORPORATION (SINGAPORE) LTD FY2003 Full Year Results Presentation 11 February 2004 1 Outline of Presentation 1. Background & Corporate Restructuring Exercise 2. Operations Review 3. Financial Review
More informationWelcome to the General Shareholders Meeting Turning Vision into Value.
Welcome to the General Shareholders Meeting 2008 1 Strategic Milestones in 2007 Budapest Airport San Francisco-Oakland Bay Bridge Hirschgarten Center, Munich Strategic Milestones in 2007 Continuing with
More informationSWEETHEART AUCTION 2017 SAFARI TO ZAMBIA
SWEETHEART AUCTION 2017 SAFARI TO ZAMBIA DAY 1 * LOWER ZAMBEZI NATIONAL PARK, ZAMBIA Today you will arrive into Lusaka, Zambia, where you will be met by a representative from Tours Africa who will assist
More information1.0 Introduction Zambia s Major Trading Partners Zambia s Major Export Markets... 4
Bank of Zambia CONTENTS 1.0 Introduction... 3 2.0 Zambia s Major Trading Partners... 3 3.0 Zambia s Major Export Markets... 4 4.0 Major Source Countries Of Zambia s Imports... 5 5.0 Direction Of Trade
More informationQUARTERLY ACTIVITIES REPORT. For three months ended 31 March Highlights. 2. Operating Summary
ASX & NZX Release 29 April 2015 BATHURST RESOURCES LIMITED Level 12 1 Willeston Street Wellington 6011 New Zealand Tel: +64 4 499 6830 Fax: +64 4 974 5218 RICHARD TACON Chief Executive Officer rtacon@bathurstresources.co.nz
More informationLeveraging Kiwi capability on the world stage. David Banfield/Deidre Campbell
Leveraging Kiwi capability on the world stage David Banfield/Deidre Campbell February March 2016 Early insights - January 2014 Business declining in a growing market Business that needed support and to
More informationIntroduction Financials The Market Honey Supply Beekeeping Enterprise Outlook
Introduction Financials The Market Honey Supply Beekeeping Enterprise Outlook Capilano is the market leader of honey in Australia. It was established in 1953 as a 100% beekeeper owned co-operative. Historically
More informationincentive travel golf & sports travel golfers who love to travel & travellers who love to golf access to exclusive sporting experiences
tailor made itineraries perfecting the art of travel destination management creative MICE solutions for Africa unique & unforgettable experiences golf & sports travel golfers who love to travel & travellers
More informationhighlights Record Results Over $500m new contracts won since December 2005 Capacity increased; workforce over 3,000 >50%
annual results highlights Record Results Sales over $500m Net Profit After Tax (NPAT) 76% Earnings Per Share (EPS) 72% Dividends 71% Over $500m new contracts won since December Capacity increased; workforce
More informationDEUTSCHE BANK TRAVEL CONFERENCE 23 MARCH Presentation by Adam Campbell, CFO
DEUTSCHE BANK TRAVEL CONFERENCE 23 MARCH 2016 Presentation by Adam Campbell, CFO PRESENTATION OVERVIEW Reflection 20 Years As A Listed Entity The Future Strategies & Longer Term Vision Questions? 20-YEAR
More informationAir Traffic & Navigation Services
Air Traffic & Navigation Services INDEX About ATNS ATNS s products and services About the ATNS Aviation Training Academy Contact us ABOUT ATNS Air Traffic and Navigation Services SOC Limited (ATNS) provides
More informationFerrovial increases net profit by 12%, to 287 million euro
All-time record backlog: 23.695 billion euro Ferrovial increases net profit by 12%, to 287 million euro Revenues expanded by 2.8% to 3.758 billion euro, supported by solid performance in the international
More informationGreg Steinepreis EXECUTIVE SUMMARY. Partner, Perth T
Greg Steinepreis Partner, Perth T +61 8 9429 7505 greg.steinepreis@squirepb.com Practice Focus Construction, engineering & infrastructure Services International and domestic dispute resolution Litigation
More informationGood morning, ladies and gentlemen. Joaquín Ayuso. Chief Executive Officer
Good morning, ladies and gentlemen. Joaquín Ayuso Chief Executive Officer Ferrovial Cash flow: 650 Construction 270 Infrastructure 136 Services 187 Real Estate 17 Corporation 41 Year-end cash position:
More informationMadikwe. Majestic Beauty
Majestic Beauty Set on a hilltop amongst huge boulders and age-old Tamboti trees, Madikwe Hills overlooks the endless bushveld of the malaria-free Madikwe Game Reserve, where the plains teem with game
More informationAxiom Properties Limited
Axiom Properties Limited AGM UPDATE 23 November 2016 Axiom Overview 2 Axiom Properties Limited ( Axiom ) is an ASX listed property development and investment company (ASX code: AXI), which has developed
More informationJapan Post Media Release
Toll Group Level 7, 380 St Kilda Road Melbourne VIC 3004 Australia T +61 3 9694 2888 F +61 3 9694 2880 www.tollgroup.com Toll Holdings Limited ABN 25 006 592 089 18 February 2015 The Manager Australian
More informationProvincial Review 2016: Limpopo
Provincial Review 2016: Limpopo Limpopo s growth since 2003 has been dominated by the mining sector, especially platinum, and by national construction projects. As a result, the provincial economy grew
More informationOUR WORLD WORKS FOR YOU
OUR WORLD WORKS FOR YOU ABOUT WFS 26,400 Airport service professionals working for you all over the world. 6,3 million Tonnes of cargo handled per annum worldwide. 198 Global locations on five continents.
More informationHVS International. European Hotel Transactions Article 2002 Country Analysis The UK. Philippa Bock and Bernard Forster.
HVS International European Hotel Transactions Article 22 Country Analysis The UK Presented by Philippa Bock and Bernard Forster HVS International European Hotel Transactions 22 Market Review The UK 1 Market
More information*** Melco/PBL JV to build a first-class Integrated Entertainment Resort with the world s first underwater casino in Cotai, Macau ***
[For Immediate Release] *** Melco/PBL JV to build a first-class Integrated Entertainment Resort with the world s first underwater casino in Cotai, Macau *** (Hong Kong, May 15, 2005) --- Melco International
More informationHiap Hoe Limited (Registration No. : Z)
Hiap Hoe Limited (Registration No. : 199400676Z) NEWS RELEASE HIAP HOE MAKES FURTHER INROADS IN AUSTRALIA - Signs MOU with Probuild, Australia s leading construction company, to explore joint-venture opportunities
More informationTourism in South Africa A statistical overview
Tourism in South Africa A statistical overview Purpose of presentation Purpose of the presentation is to present different tourism statistics produced by Stats SA People like to travel we are a country
More informationCanberra Business Council CEO, Chris Faulks, congratulated Aspen for its incredible achievements.
Media release Thursday 26 September 2013 It s a hat trick for Aspen Medical Protecting troops on the frontline in Afghanistan is just one project led by the 2013 ACT Exporter of the Year, Aspen Medical
More informationOutlıne of the Presentatıon
Outlıne of the Presentatıon Background and Objectives What has been achieved National Perspective Regional Perspective Estimated Financing Requirements What is Needed Chingola-Solwezi-Jimbe Railway Line
More informationBilfinger Berger: Preliminary Report on the 2004 Financial Year
Bilfinger Berger AG Carl-Reiss-Platz 1-5 68165 Mannheim Germany www.bilfingerberger.com Contact: Sascha Bamberger Phone: +49 6 21/4 59-24 55 Fax: +49 6 21/4 59-25 00 E-mail: sbam@bilfinger.de Date: February
More informationAgriculture Projects Project Title Sponsor Project Summary Estimated Investment Cost 1. Western Cashew Industries Limited
Agriculture Projects 1. Western Cashew Industries 2. Mwinilunga pineapple Cannery Western Cashew Industries A company growing and processing cashew nuts is looking for a joint venture partner to expand
More informationALBERT LOH consultants. m a r i n e s p e c i a l i s t
ALBERT LOH consultants m a r i n e s p e c i a l i s t ALBERT LOH consultants m a r i n e s p e c i a l i s t Albert Loh Consultants has a long history as engineers and consultants on all aspects of works
More informationMETRO HOLDINGS REGISTERS REVENUE OF S$46.3 MILLION AND PROFIT AFTER TAX OF S$13.0 MILLION FOR 2QFY2019
NEWS RELEASE METRO HOLDINGS REGISTERS REVENUE OF S$46.3 MILLION AND PROFIT AFTER TAX OF S$13.0 MILLION FOR 2QFY2019 - Records a 53.2% increase in revenue mainly driven by the sale recognition of S$14.0
More informationLIST OCTOBER 2018 CATALOGUE PAGE BARCODE TITLE EDITION PRICE
VAT No: 4470126121 Share Call Number: 0860 10 50 50 Johannesburg Tel : (011) 807 5573/5470 Fax : (011) 807 7491 Cape Town Showroom Tel: (021) 514 3900 Fax: (021) 510 0493 Website : www.mapstudio.co.za
More informationNew York Wheel Construction Update
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. For Immediate Release Challenger Acquisitions Limited ("Challenger"
More informationWHERE BUSINESS LEADS MAKE YOUR MARK. A unique opportunity for investors and developers.
MAKE YOUR MARK WHERE BUSINESS LEADS A unique opportunity for investors and developers. Australia s only greenfield central business district within an existing urban area. 6 Dr Doug McTaggart Chairman,
More informationTokyu Tourist Corporation to become a wholly-owned subsidiary through share exchange
NOTICE TO SHAREHOLDERS RESIDENT IN THE UNITED STATES: This press release relates to a proposed business combination which involves the securities of a foreign company. It is subject to disclosure requirements
More informationMGM MIRAGE Reports Record Second Quarter Revenue, Cash Flow and Net Income
NEWS RELEASE MGM MIRAGE Reports Record Second Quarter Revenue, Cash Flow and Net Income 7/24/2001 PRNewswire LAS VEGAS MGM MIRAGE (NYSE: MGG) today reported earnings of 47 cents per diluted share for the
More informationSPEECH BY WILLIE WALSH, CHIEF EXECUTIVE, INTERNATIONAL AIRLINES GROUP. Annual General Meeting, Thursday June 14, Check against delivery
SPEECH BY WILLIE WALSH, CHIEF EXECUTIVE, INTERNATIONAL AIRLINES GROUP Annual General Meeting, Thursday June 14, 2018 Check against delivery FINANCIAL PERFORMANCE Good afternoon Ladies and Gentleman. I
More informationANA HOLDINGS Financial Results for FY2014
ANA HOLDINGS NEWS ANA HOLDINGS Financial Results for FY2014 TOKYO, April 30, 2015 ANA HOLDINGS (hereafter ANA HD ) today reports its consolidated financial results for fiscal year 2014 (April-March). Highlights
More informationGlorious gaming, exciting entertainment, successful conventions, delightful dining and more!
A PEERMONT RESORT Located just off the N2 highway in Empangeni lies this vibrant Zulu themed Umfolozi Hotel Casino Convention Resort, which provides a convenient stop-over en-route through KwaZulu-Natal
More informationWÄRTSILÄ TO ACQUIRE L-3 MARINE SYSTEMS INTERNATIONAL
WÄRTSILÄ TO ACQUIRE L-3 MARINE SYSTEMS INTERNATIONAL PRESS CONFERENCE 16.12.2014 Jaakko Eskola 1 The most complete marine offering on earth 2 Wärtsilä Corporate presentation 2014 L-3 Marine Systems International
More informationKeep your talent. Keep your culture. Keep your say. ACQUISITION: this is where your legacy continues.
Keep your talent. Keep your culture. Keep your say. ACQUISITION: this is where your legacy continues. CONTENTS 02 About Volaris Group 04 Why Consider Selling to Volaris? 06 Success Stories 10 The CSI Advantage
More informationCONTENTS 5 MARKET LEADER IN RETAIL 6 SECURE INVESTMENT RETURNS 7 RETAIL PARTNERSHIP 8 EXPERIENCED TEAM 10 CORNERSTONE RELATIONSHIPS
RETAIL WORKBOOK 2 CONSOLIDATED PROPERTIES HAS UNPARALLELED DEVELOPMENT EXPERTISE, HAVING DELIVERED OVER 200 PROJECTS ALONG AUSTRALIA S EASTERN SEABOARD. THIS EQUATES TO $3 BILLION IN PROJECT VALUE, INCLUDING
More informationGruyere Gold Project Update
ASX Announcement 30 July 2018 Gruyere Gold Project Update First gold remains scheduled for the June quarter 2019 Revised Project Final Forecast Capital cost estimate of $621 million (level of accuracy
More informationLATEST LOGISTICS AND FORWARDING NEWS
LATEST LOGISTICS AND FORWARDING NEWS FRANCE - 12 cranes used simultaneously in Malaysia for vessel CMA CGM KERGUELEN - A Chinese consortium has purchased 49.9% of the shares of Toulouse-Blagnac airport
More informationcapability profile PO Box 8102 Suite 4, Level 2, 85 Lake St Cairns QLD 4870 Phone
capability profile community development partnership our vision building from a strong foundation What began as a project between one of Australia s largest privately owned construction companies and an
More informationRamsay Health Care Limited Results Briefing Half Year ended 31 December 2018
Ramsay Health Care Limited Results Briefing Half Year ended 31 December 2018 Craig McNally, Group Managing Director & Bruce Soden, Group Finance Director 28 February 2019 ramsayhealth.com Agenda Group
More informationANA Holdings Financial Results for FY2013
ANA HOLDINGS NEWS ANA Holdings Financial Results for FY2013 TOKYO April 30, 2014 - ANA Holdings (hereafter ANA HD ) today reports its consolidated financial for fiscal year 2013 (April, 2013 March, 2014).
More informationTrade Arrangements and Opportunities in SADC
12 June 2008 Park Hyatt Johannesburg, South Africa Trade Arrangements and Opportunities in SADC Peter Draper Trade Project Head South African Institute of International Affairs Overview Review of Broad
More informationCORROSION PREVENTION. Leaders in Corrosion Prevention and Sealing Technology.
CORROSION PREVENTION Leaders in Corrosion Prevention and Sealing Technology www.densoaustralia.com.au About Denso Australia Denso (Australia) Pty Ltd a subsidiary of Winn & Coales (International) Ltd founded
More informationAN UNTOUCHED REMOTE WILDERNESS
AN UNTOUCHED REMOTE WILDERNESS Resting atop a hill overlooking the Luvuvhu River Valley in a wild, remote part of the Kruger National Park, The Outpost is designed with simple, clean lines; combining steel,
More informationCOMPETITION TRIBUNAL REPUBLIC OF SOUTH AFRICA Case No: 77/LM/Oct02. Reasons
COMPETITION TRIBUNAL REPUBLIC OF SOUTH AFRICA Case No: 77/LM/Oct02 In the large merger between: South African Airways (Pty) Ltd and Air Chefs (Pty) Ltd Reasons Approval The Competition Tribunal issued
More information