It helps being among the last players standing, but construction group Raubex is enjoying a deluge of work: results for the six months ended August show a leap in its order book to R16.55bn, while profits have recovered after last year’s walloping, giving the group an operating margin of 7.3%. While it’s spending more cash, Raubex plans to pay shareholders 47c a share via a dividend. It explains a 68% increase in its share price, year to date. The FM spoke to CEO Rudolf Fourie.
Your materials division was the major contributor to operating profit, and earnings would surely look a lot worse without it. So should we not get too excited about these results?..
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