Buildmax posts 15% increase in HEPS

Buildmax, a player in the mining and construction industries, is trading just under 2% up on the day, having released its finalised year end results. Buildmax is trading 20% up on the year, and currently holds a modest market cap of R480m.

• Headline earnings increased to R59.6 million from R51.8 million – increase 15%
• HEPS increased to 32.9 cents from 28.6 cents increase 15%
• PAT increased to R61.3 million from R51.7 million – increase 19%
• Earnings per share increased to 33.4 cents from 28.5 cents – increase 17%
• Revenue increased to R1.274 billion from R1.186 billion – increase 7%
• EBITDA increased to R269.8 million from R246.8 million – increase 9%
• PBIT increased to R117.7 million from R100.5 million – increase 17%
• Net asset value per share improved to 361.2 cents from 323.2 cents – increase 12%
• Tangible net asset value per share improved to 323.01 cents from 284.6 cents – increase 13%
• Net asset value (excluding goodwill) improved to 346.2 cents from 308.3 cents – increase 12%
• Return on average equity (RoE) improved from 9.2% to 10% – increase 9%

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