Raubex Group said yesterday that headline earnings per share (HEPS) of between 451.7 cents and 491.0c was expected for the year to February 29, representing an increase of between 15% and 25%.
The group said in an updated trading statement yesterday the full-year results, expected to be released on May 13, would be based on better-than-expected results achieved in February 2024 across all four divisions, as well as finalisation confirmations on a number of outstanding claims submitted.
On March 4, in an initial trading statement, Raubex predicted earnings per share and HEPS would be between 0% and 10% higher. It said at that time all four divisions had received tender awards from a diversified client base, resulting in a solid order book despite unfavourable macroeconomic conditions.
Yesterday, the group predicted that earnings per share would increase between 15% and 25%, to between 449.8c and 488.9c for the year.
BUSINESS REPORT