Picture: Ivan Alvarado, Reuters

Johannesburg - South African civil engineering and construction firm Esor on Thursday announced a return to profitability, reporting interim headline earnings per share of two cents compared with a loss of 6.59 cents previously despite a continued challenging environment.

“The full integration of the group restructure, which included the rationalisation of the Civils operations, and a ‘back to basics’ approach were key drivers of restoring bottom line health,” Esor said in a statement posting pre-tax profit of R10.8 million to reverse a R32.5 million loss.

The company’s order book amounted to R1.62 billion at end-August, lower than at end-February when it totalled R1.94 billion.

However, Esor said it expected its recovery to continue.

ANA