Johannesburg - South Africa's Aveng fell into a first-half loss on Tuesday due to weak global steel market and continued pressure on commodity prices.
The builder slumped into a R231 million ($15.2 million) headline loss, or 58 cents per share, in the year to the end of December compared with headline earnings of R138 million, 34.5 cents per share, the same time a year earlier.
Headline EPS is South Africa's main profit gauge and excludes certain one-off and non-trading items.
South Africa's construction industry has slowed sharply as the government delays rolling out its nearly R1 trillion ($81 billion) infrastructure investment plan and weak commodity prices hit demand from the mining industry.
REUTERS