Raubex Group Limited said its revenue for the year decreased to ZAR4.668 billion compared to ZAR4.764 billion recorded in the financial year 2016. Gross profit lowered to ZARR612.8 million against ZAR635.5 million posted in the previous year.
The company’s operating profit dropped to ZAR370.6 million in contrast to ZAR394.7 million posted last year, while profit for the period attributable to owners of the parent fell to ZAR242.6 million against ZAR245.5 million in 2016.
headline earnings per share increased to 131.1 cents per share compared to 130.6 cents per share recorded in the fiscal year 2016.The directors declared a gross interim cash dividend from income reserves of 45 cents per share on 6 November 2017 for the six-month period ended 31 August 2017.
Raubex is a heavy construction sector company with a focus on infrastructure development that operates across Africa. Industry legend Koos Raubenheimer founded the business in 1974 and progressively developed the Company into a leader in construction. Raubex employs over 7800 people, is listed on the Johannesburg Stock Exchange and has a proud record of over 39 years of uninterrupted profitability.
In the mid-1990’s, Raubex began developing its African footprint and secured various projects in Botswana, Mozambique, Namibia and Zambia. Today Raubex generates approximately 10% of its revenue outside of South Africa.