Shares of infrastructure and services group Aveng fell as much as 10% on Tuesday morning as the market reacted to news that the reclassification of its Trident Steel subsidiary as a continuing operation helped prompt a plunge in earnings.
In early trade Aveng’s shares were trading 7% lower at R19.25, having earlier reached R18.57. The group’s shares have lost just over a quarter since February 14, when it flagged the reclassification in a trading update...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: