Raubex Group reports a 21% increase in full-year headline earnings, driven by a surge in tender activity and an expansion of its order book.
- Strong Financial Performance: Headline earnings per share (HEPS) rose by 21.3% to 476.3c, while revenue saw a significant increase of 13.8% to R17.43bn for the year ending in February.
- Increased Profitability: Operating profit grew by 20.4% to R1.54bn, and profit after tax soared by 24.6% to R1.07bn, showcasing the company’s strong financial performance.
- Dividend Declaration: Raubex Group declared a final dividend of 92c per share, a notable increase from the 76c per share declared in the previous year.
- Diversified Operations: The Centurion-based company operates across various divisions, including materials handling and mining, construction materials, roads and earthworks, and infrastructure, contributing to its overall success.
- Resilience in Challenging Times: Despite the numerous challenges faced by the country, Raubex Group demonstrated commendable performance, highlighting its ability to navigate difficult market conditions.
- Order Book Expansion: Raubex Group achieved an exceptional growth rate of 27.5% in its order book, which now stands at R25.55bn. This growth is a testament to the company’s diversified business model and its success in securing contracts both domestically and internationally.