Raubex confident of future growth prospects, to sell Bauba Resources

South African construction group Raubex expressed confidence in its growth prospects and announced plans to sell Bauba Resources. Its half-year operating profit rose 2.5% to R618 million, although net profit declined to R385.89 million and its operating margin narrowed to 5.1%. The results offer a mixed picture for readers tracking South Africa’s construction sector, with operating growth alongside continued pressure on profitability.

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