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.
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