HIGHLIGHTS

• Revenues up 1,8% to R2,27 billion (H1 2009: R2,23 billion)
• Operating profit up 10,6% to R440,2 million (H1 2009: R398 million)
• HEPS up 10,2% to 159,4 cents per share (H1 2009: 144,6 cents per share)
• Strong cash flow from operations up 40% to R466,6 million (H1 2009: R333,3 million)
• Capex spend of R164,6 million ( H1 2009: R232 million)
• Stable order book of R 5,2 billion (H1 2009: 4,9 billion)
• Interim dividend of 35 cents per share
  

Francois Diedrechsen, Financial and Commercial Director of Raubex Group, said: “Notwithstanding challenging conditions in the first half of the year, we have delivered a satisfactory performance and grown the business.

“Our international expansion is progressing well following the successful establishment of our footprint in Namibia and this has already led to further work being awarded to Raubex in that country. In addition, a number of new projects were secured locally following the interim period.

“We expect the performance of the second half of the year to improve and remain confident that our strong financial and operational position will allow the Group to maintain its performance in the medium-term.”

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