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- The South Africa based RAUBEX Group performed strongly in the last six months to August 31, according to the financial results put out by the company
- The statement said the roads, infrastructure and construction materials in the group’s order books remained robust
- The headline earnings per share increased by 615 percent to 137 cents in the six months to August compared with 26.6cents per share headline loss at the same time a year before
The South Africa based RAUBEX Group performed strongly in the last six months to August 31, according to the financial results put out by the company. The statement said the roads, infrastructure and construction materials in the group’s order books remained robust. The headline earnings per share increased by 615 percent to 137 cents in the six months to August compared with 26.6cents per share headline loss at the same time a year before.
Revenue of the Group increased by 52 percent to R5.99 billion. The operating profit shot up to R435.2 million from R21.7m. These results were not strictly comparable because of the impact of the pandemic in the first half of 2020.Cash generated from operations fell by 66.5 percent to R239.9m in the interim period. Net asset value increased to R4.87bn (R4.51bn) while the order book increased sharply to R16.55bn from R11.74bn.The company also announced an interim dividend of 47c per share up from 21c at the end of interim 2020.
