Raubex to report at least 70% increase in earnings
The group said last week that it had sold its property interests for R383m to private equity firm Acorn Black Investments
Infrastructure development group Raubex said on Monday that it expected to report a more than 70% increase in earnings for the year to February 2020 due to profits from property sales. The company also attributed the performance to its decision to “rightsize” the business, which is starting to bear fruit.
The company said earnings per share were expected to be at least 325% higher, which translates to at least 103.7c higher than the 31.9c in the previous comparative period...