Raubex reports a likely decline in headline but the second half looks better

RAUBEX, the JSE-listed infrastructure development group, warned Thursday its headline earnings per share (HEPS) will be between 10% - 20% lower for the six months to August 31 compared with the same period last year.

- EDWARD WEST

While this will translate in HEPS of between 227.4 cents and 255.9 cents, a decline in performance, the group's management say they remain focused on long-term value creation, underpinned by a resilient business model and a clear strategic direction.

"Despite the challenges during the first six months, the group remains confident about the outlook for the remainder of the financial year and the years ahead," Raubex's directors said. The group also held a record order book.