JOHANNESBURG - South Africa's Group Five
chief executive said it would be challenging
to lift the construction firm back into profit but the goal
would be achieved.
"If you look at the results we're sitting with a business
that just announced R8.29 rand fully diluted headline loss, so to
turn it around from that would be quite a tall order," CEO
Themba Mosai told Reuters, but added: "We are poised to turn
this ship around."
The construction firm, which swung to a full-year loss,
said in a earlier statement the firm's new board would set the
firm on a more stable course in the coming year with plans to
restructure its operations and improving execution of contracts.