Aveng returns to operating profit, appoints new CEO as focus remains on restoring fundamentals

JSE-listed Aveng has reported revenue of A$2.3-billion, or R26.4-billion, for the year ended June 30, which was 12.4% lower than the prior year, reflecting the anticipated softening of infrastructure markets in Australia and New Zealand. Group interim CEO David Simpson noted, however, that the group returned to an operating profit with improved performance across the portfolio of projects while maintaining a robust work-in-hand position.

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