| AUDITED
RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2010 |
HIGHLIGHTS
- Revenues
up 10,1% to R4,58bn (2009: R4,16bn)
- Operating
profit up 11,7% to R887,3m (2009: R794,6m)
- Group operating
margin of 19,4% (2009: 19,1%)
- HEPS up 11%
to 323,8 cents per share (2009: 291,7 cents per share)
- Cash flow
from operations down 17,8% to R793,1m (2009: R964,4m)
- Capex spend
of R252,4m (2009: R382,8m)
- Order book
of R4,7bn (2009: R5,2bn)
- Final dividend
of 75 cents per share declared
Francois Diedrechsen,
Financial and Commercial Director of Raubex Group, said: “The
past year presented challenging trading conditions for the Group
but we are pleased with the overall performance and resulting growth
in revenue and profitability.“
"Our international expansion is progressing well with work currently
underway in Namibia, Zambia and Malawi. Locally, a number of new
contracts were secured in the past year as part of our efforts to
secure the medium-term order book. In addition, we expect a number
of tenders for large concession contracts to be issued in the year
ahead."
“We remain confident that our healthy financial position and extended
footprint sets us well for the challenging year ahead.”
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