https://newsletter.en.creamermedia.com
Financial|Mining|Operations
Financial|Mining|Operations
financial|mining|operations

Raubex records strong interim financial performance

7th November 2022

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

JSE-listed Raubex navigated tough macroeconomic and inflationary pressures, as well as supply chain constraints, to achieve a pleasing group performance, supported by all four divisions,” CEO Felicia Msiza says in an unaudited interim results statement for the six months ended August 31.

“The group strategy to diversify into Australia, public-private partnerships (PPPs) and mining is proving successful. These initiatives were key contributors to the robust results with Australia continuing its solid performance from last year.

“Our talented teams and strength in leadership underpin our ability to extract further value from the portfolio, as we deliver on our secured order book and leverage our healthy balance sheet to build on our diversification efforts,” Msiza adds.

For the period, revenue increased by 23.2% year-on-year to R7.38-billion, while operating profit increased by 26.4% to R550.3-million.

Headline earnings a share increased by 16.1% to 159c and earnings a share by 15.1% to 161.8c.

Cash generated from operations increased by 145.7% to R589.3-million.

The company’s net asset value stood at R5.41-billion at the end of the six months under review.

It invested capital expenditure of R394.5-million in the six months, while its order book stood at R16.40-billion as at August 31.

Raubex has declared a gross interim cash dividend from income reserves of 53c apiece. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 
Graduate School Of Technology Management (GSTM)
Graduate School Of Technology Management (GSTM)

Advancing leadership in technology, innovation, and project management excellence

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 August 2025
Magazine round up | 22 August 2025
22nd August 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.14 0.228s - 179pq - 2rq
Subscribe Now