Progress Report: Raubex Steadily Advancing in Business Operations
Construction company Raubex stood out on the JSE Tuesday, skyrocketing over 17% in just two days. This impressive surge comes after Raubex dismissed allegations of corruption made by a whistleblower, and reported a substantial leap in their earnings for the year.
Despite facing challenges, the Raubex Group Limited exhibited an impressive financial performance in their recently released reports for the year ending February 2025. Key highlights include a 21% increase in revenue, reaching an impressive R21.08 billion, a modest 1.3% rise in operating profit to R1.56 billion, a 27.5% increase in EPS to 601.7 cents, and a 25.9% jump in headline earnings per share to 599.8 cents. Cash generated from operations also improved significantly by 31.8%, reaching R2.51 billion.
Raubex's financial success was evident across three out of its four divisions, demonstrating overall stability and resilience. The company also announced the release of audited results and the declaration of a cash dividend, reflecting confidence in their financial stability.
While the latest financial reports do not contain direct references to actions addressing corruption allegations, the company's strong financial performance indicates a positive direction moving forward. Raubex's robust recovery and growth, coupled with their ability to generate substantial cash from operations, portrays a promising future for the company.
Raubex's impressive financial performance, as shown in the latest reports, has opened up opportunities for potential investing in the construction business. With a 21% increase in revenue, a significant cash flow, and a positive recovery from the corruption allegations, the company seems to be on the right path for future growth in the finance sector.
