Raubex FY HEPS rises 21.3%
Traders piled into Raubex today after the construction group raised its annual divided by 21 per cent to 92 cents in the 2024 financial year. Raubex also reported an increase in its order book by more than a quarter to R25.55 billion. CNBC Africa is joined by Felica Msiza, CEO, Raubex.
Mon, 13 May 2024 16:01:03 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Raubex's annual dividend rises by 21.3% to 92 cents, attracting trader interest and signaling strong financial performance.
- Key projects in South Africa, Lesotho, and Botswana contribute to Raubex's success, demonstrating operational excellence and growth potential.
- CEO Felicia Msiza emphasizes the importance of client diversification and operational resilience in navigating market dynamics, unaffected by the upcoming elections.
Raubex, a leading construction group, has reported a significant increase in its annual dividend and order book for the 2024 financial year. The company's annual dividend rose by 21.3% to 92 cents, attracting a surge of interest from traders in the market. In addition, Raubex disclosed an impressive growth in its order book, which now stands at a substantial R25.55 billion. The company's CEO, Felicia Msiza, highlighted the positive performance of several key projects across different regions, emphasizing the diversified nature of Raubex's order book as a key factor in managing risk effectively. Msiza also expressed confidence in the company's ability to continue delivering quality projects and value to stakeholders, regardless of the outcomes of the upcoming elections in the country.
Speaking on the geographical performance of Raubex, Msiza pointed out that the company operates in South Africa, Southern Africa, and Western Australia. She highlighted two projects that have been particularly successful, including a mining project in BNE NEMDEP in South Africa and the Senki River Bridge project in Lesotho. Despite some initial challenges, these projects have shown strong progress and performance. Additionally, Raubex's quarry operations in Botswana have benefited from infrastructure projects in the region, contributing to the overall positive performance.
Addressing concerns about the impact of the upcoming elections on Raubex's business, particularly with a significant portion of revenue coming from the state-owned road agency, Sanral, Msiza emphasized the company's focus on diversifying its client base. While Sanral remains a key client for Raubex, the company has been actively expanding its private client portfolio as part of its strategic approach. Msiza expressed optimism about the continued focus on construction and infrastructure development post-election, underlining Raubex's commitment to delivering excellence in project execution and stakeholder value.
In conclusion, Raubex's strong financial results and diversified order book in the 2024 financial year position the company well for future growth and success. With a solid pipeline of projects across different regions and a strategic focus on managing risk through diversification, Raubex demonstrates resilience and agility in navigating the dynamics of the construction industry. The company's commitment to quality, stakeholder value, and operational excellence sets a positive trajectory for Raubex's continued success in the market.
