Wearne revenue up 16%

03 June 2014

Construction products provider WG Wearne posted a total comprehensive profit of R13.4-million for the year ended February 28, a turnaround from the R17.3-million loss posted in the prior year, as group revenue increased by 16% to R463-million.

The largest contributor to the increase in turnover was the company’s ready-mix concrete division, which increased its revenue by 20% to R231-million.

The group’s aggregates division remained a consistent contributor to the group’s turnover with a 10% increase in revenue, while the precast division recorded a 44%, or R4.7-million, increase in revenue.

“Together with strategic initiatives, focus on cost reduction, increased sales, investing in employees and improved industry conditions, the group is confident that it can continue to offer the highest levels of customer satisfaction and grow within the market,” the company said.

By: Leandi Kolver

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