Raubex (RBX) reported a 116.2% rise in headline earnings per share rise to 116.2 cents for the year ended February.

A final dividend of 40 cents was declared, compared with no dividend a year ago.

Revenue rose 79.4% to R2.14 billion, operating profit was up 121.7% to R431.3 million and cash flow from operations was up 125.7% to R448.8 million.

The group’s order book increased to R2.7 billion from R1.6 billion a year ago.

Industry players, including Raubex, are now seeing the results of the government’s infrastructure investments filter through to the order book, it said.

"The performance over the past year is in line with expectations and underpinned by an improved operating margin and a healthy order book across all divisions," said Francois Diedrechsen, Financial and Commercial Director of Raubex Group.

He added that over the period, the group acquired a number of value-enhancing businesses fitting across all the three divisions.

Raubex made seven acquisitions during the period under review.

"The acquisitive growth was balanced by continued organic growth derived from improved operational efficiencies and skills development," he said.

Looking ahead, Diedrechsen said the group would continue to focus on integrating the strategic acquisitions while ensuring that the group’s entrepreneurial spirit remained intact.

"We are now positioned as a significantly larger business with increased capacity and geographic reach to take full advantage of the opportunities offered by an overall increase in demand for our services around the country. We look forward to another strong performance in the coming year," he said.