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Raubex warns of 20% drop in FY earnings

Infrastructure development and construction materials group Raubex has warned that its earnings for the financial year ended February 2019, will fall by at least 20%, owing to continued weak trading conditions in the South African construction industry, particularly in the road construction sector. The JSE-listed firm said on Tuesday that its earnings a share would fall by at least 46.7 a share, from 233.5c a share in 2017, and that its headline earnings a share would decline by 45.7c, from 228.6c in the previous corresponding period.

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