by Rowan Goeller | May 15, 2024 | Construction and Basic Materials
Key message: Diversity of earnings has helped replace the high-margin Beitbridge project and sets Raubex up for sustainable growth. Raubex reported FY24 results. HEPS increased 21% on a 14% and 20% increase in revenue and operating profit. A dividend of 155c (3x...
by Rowan Goeller | Mar 25, 2024 | Construction and Basic Materials
Key message: Imported cement volumes increased 18% in CY2023 with port issues apparently not impacting volumes. Cement imports for CY2023 increased by 18% to 979kt, with 2H CY23 imports up 43% relative to 2H CY22. Vietnam continues to be the primary source of imported...
by Rowan Goeller | Mar 14, 2024 | Construction and Basic Materials
Key message: The business should be able to earn HEPS of approx. 50c in FY25 with the current assets and reduced costs. Murray & Roberts released 1H FY24 results. Continuing HEPS remained negative at 16c as revenue and EBIT increased by 11% and 16% respectively. A...
