Consumer Research Africa

RAUBEX (RBX) Results Snapshot FY22

Diluted HEPS up 265% y-y to 297.4cps compared to 81.4cps LY.
Revenue increased by 30.9% y-y to R11 578m, driven by the Beitbridge project.
GPM improved by 240bps to 13.8%.
OPM increased from 4.1% to 8.2%
Expenses well controlled at R661m. Expense to revenue fell by 180bps to 5.7%
54cps final dividend declared.
Operating cash flow down 49.5% y-y to R566m.
Order book relatively unchanged at R17.13bn.
The mining purchases contributed c. R22m to revenue.