Renewable energy projects power Raubex profit
Eskom’s independent power producers programme has boosted the construction group in its six months to end-August
11 November 2019 - 08:56
Road-builder Raubex is optimistic that the outlook for SA’s construction sector could improve, having received a boost in its six months to end-August from contract work for independent power producers (IPPs).
Revenue in the group’s infrastructure division, which focuses on renewable energy, grew 21.4% to R1.28bn, with operating profit surging 187.8% to R77.3m, it said on Monday. The company also reported consistent results in its affordable housing and commercial building operations...
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