Raubex HY HEPS surges 19.4%

Raubex Group Limited recently released its audited interim results for the first six months ending August of 2023, showcasing a remarkable performance despite challenging market conditions. Felicia Msiza, CEO of Raubex, joined CNBC Africa for an exclusive interview to discuss the highlights of the report. The company reported a significant increase in revenue, operating profit, and headline earnings per share, all exceeding expectations. Msiza expressed her satisfaction with the results, emphasizing the resilience and successful execution of the group's strategy. She highlighted the absence of contribution from the ByteBridge Border Post project in the current results, indicating the group's ability to thrive independently of previous significant projects. One of the key drivers of Raubex's success has been its focus on diversification. Msiza shared insights into the stellar performance of Baobab Resources, noting strategic synergies within the mining division. The company's expansion into the Western Australia market has also paid off, with projects in renewable energy and government infrastructure projects yielding positive results. The group's order book stands at over 20 billion rand, with plans to execute approximately 8 billion in the next six months and the remainder over the following fiscal years. Msiza emphasized the importance of profitability over turnover, ensuring that the company maintains healthy margins while fulfilling its order book commitments. Despite facing challenges such as load shedding impacting quarry operations and rising input costs, Raubex remains optimistic about the infrastructure spending initiatives in South Africa. Msiza highlighted upcoming government projects in the water sector as promising opportunities for the company to contribute to the country's development. Looking ahead, Raubex Group Limited is well-positioned to capitalize on new opportunities in the market, with a focus on strategic growth and sustainable profitability. The company's robust performance in the first half of the year sets a strong foundation for continued success in the future.