by Rowan Goeller | May 20, 2024 | Construction and Basic Materials
Key message: Relatively steady state earnings are expected for future years off a well-developed pipeline. Calgro released FY24 results. HEPS increased 38% to 189.9c on a 16% decline in revenue (construction activities were slowed down in 2H as a conservative measure...
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...
