Consolidated H1 diluted HEPS at 87.7c vs 58.1c

Consolidated Infrastructure Group (CIG)‚ formerly Buildworks Group announced on Wednesday diluted headline earnings per share (HEPS) of 87.7c for the six months ended February 2014 from 58.1c from the year-earlier period.

The company said revenue grew 36% to R1.3bn and earnings before interest‚ taxes‚ depreciation‚ and amortisation rose by 36% to R169m. Profit for the period increased by 70% to R120m.

The company said that despite consumers being under pressure‚ there had been no slowdown in the demand for housing and the company expected its building materials division to sustain its current growth trajectory.

“The business has built a sound track record in providing specialised services of waste management to oil companies in Angola and is well positioned to be the supplier of choice given its performance history‚” said Consolidated.

The group’s policy is for the board to consider a dividend on an annual basis after reviewing the annual results.

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