Edition:
United Kingdom

Raubex Group Sees FY EPS & HEPS To Be At Least 20 Pct Lower Than Last Year


Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Raubex Group Ltd ::EXPECTS EPS & HEPS FOR YEAR TO BE AT LEAST 20% LOWER THAN EPS & HEPS FROM PREVIOUS CORRESPONDING PERIOD.HAS CONTINUED EXPERIENCING WEAK TRADING CONDITIONS IN SOUTH AFRICAN CONSTRUCTION INDUSTRY DURING SECOND HALF OF FINANCIAL YEAR.RIGHTSIZING INITIATIVES CONTINUED DURING SECOND HALF OF FY TO FURTHER REDUCE CAPACITY IN LINE WITH LOW LEVEL OF DEMAND EXPERIENCED.EXPECTS EPS & HEPS BEING AT LEAST 46,7 CENTS & 45,7 CENTS LOWER THAN EPS & HEPS ACHIEVED LAST YEAR RESPECTIVELY. 

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