Buildmax earnings up 15% to 32.9c

Open-cast mining contractor and building materials distributor Buildmax has reported a 15% rise in headline earnings per share to 32.9c ifor the year to March.

Buildmax has not declared a dividend even though it made a profit of almost R270m. Image: Buildmax

Revenue was up 7% to R1.274bn‚ with earnings before interest‚ taxes‚ depreciation and amortisation lifting 9% to R269.8m. No dividend was declared.

"We are fortunate to have meaningful‚ value-adding and service-orientated contractual relationships with most of the leading mining groups in the country," Buildmax said in a statement

"The propensity to outsource remains buoyant and our aim is to continue to grow these customer-focused strategic alliances‚" the company added.