Construction firm Protech Khuthele Holdings (Protech) said on Monday that headline earnings for the year to February rose to 16.8 cents per share from the previous year's pro forma HEPS of 11.8 cents.

In line with its policy, no dividends were declared for the year.

Revenue grew to R368.5-million from R245.6-million a year ago and earnings before deprecation and interest increased to R112.5-million from R64.9-million.

"The demand for commercial and industrial space continues to be high, and this will result in continued work opportunities for Protech," the group said.

The group said while its contracting operations were not dependent on electricity, the crisis would impact on projects that it was currently, or will in future be, tendering on.

"In addition, the mining sector now offers increased opportunity with the globally robust commodity prices and it is anticipated that more work will be available in the mining earthworks sub-sector in the coming year," the company said.

Protech Khuthele will continue to monitor all sub-sectors of the bulk earthworks, roads and infrastructure markets and explore, select and utilise the best opportunities.

With the addition of the Readymix business the group said it was positive about the forthcoming year's prospects.

I-Net Bridge