The group hikes interim payout for the six months to end-August to 47c amid optimism over SA’s building market
Construction and materials group Raubex has almost doubled its first-half dividend to 47c, encouraged by a record order book and robust activity in SA’s mining sector.
Revenue rose 52% to R5.99bn in the group’s six months to end-August, with Raubex’s order book up 41% year on year at R16.55bn. The group added that unsecured contracts were also significant, and therefore encouraging from a market perspective...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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