Publications
Partners
Johannesburg – South African construction group Raubex Group
[JSE:RBX] on Monday reported a 2.5% in its diluted headline earnings per share
for the six months ended August 2012 to 94.9 cents from the previous
corresponding period’s 92.5 cents. The group declared an interim dividend of 30
cents per share.
“Although the operating environment remained challenging
during the period‚ we have continued to grow revenue and maintained a stable
order book through a steady flow of new tender work‚” said Raubex’s financial
and commercial director Francois Diedrechsen.
The group’s revenue increased by 7.7% to R2.81bn from the
R2.61bn reported last year.
“The roads division is beginning to show signs of
stabilising‚ supported by a relative easing of competitive pressures. This
positive development is being monitored against the impact of the tolling
dispute on our client as well as the impact of the labour unrest across our
operations‚” he said on Monday.
Raubex improved its order book from R4.6bn to R5bn.
"The group's healthy balance sheet and strong cash
position maintained through difficult times allows us to take advantage of
opportunities arising from a more stable competitive environment locally but
also internationally as we grow our portfolio of African projects across all
three divisions‚" Diedrechsen said.
Raubex expects the current trading conditions in the
construction industry to remain challenging.
“The recent strikes experienced in the mining and transport sectors will have a negative effect on the performance of the Materials division for the second half of the year‚” Raubex said.
