March 24, 2018 2:22 AM ET

Energy Equipment and Services

Company Overview of Buildmax Limited

Company Overview

Buildmax Limited, together with its subsidiaries, engages in the provision of mining services, and equipment sales and rental services primarily in South Africa. The company offers mining, SHECQ management, plant and equipment hire, mine rehabilitation, drill and blast, supply chain, IT and communication, and monitoring systems services to the opencast coal mining sector. It is also involved in the disposal of the second-hand equipment, as well as short-term rental of equipment. Buildmax Limited was founded in 1939 and is headquartered in Benoni, South Africa. As of February 6, 2018, Buildmax Limited was taken private.

Reef Insurance Brokers Building

First Floor

2 Mowbray Avenue

Benoni,  1500

South Africa

Founded in 1939

1,140 Employees


27 86 169 1177

Key Executives for Buildmax Limited

CEO & Executive Director
Age: 46
CFO, Financial Director & Executive Director
Age: 52
Corporate Services & Legal Executive & Group Company Secretary
Age: 39
Technical Director of Mining Services
Age: 56
Director of Aggregates and Quarries
Compensation as of Fiscal Year 2017.

Buildmax Limited Key Developments

Buildmax Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended August 31, 2017

Buildmax Limited reported unaudited consolidated earnings results for the six months ended August 31, 2017. For the period, the company reported revenue of ZAR 623,674,000 against ZAR 420,466,000 a year ago. Operating profit before depreciation and impairment was ZAR 87,096,000 against ZAR 33,684,000 a year ago. Profit before interest and taxation was ZAR 38,982,000 against loss before interest and taxation of ZAR 12,551,000 a year ago. Profit before taxation was ZAR 24,678,000 against loss before taxation of ZAR 30,790,000 a year ago. Profit for the period attributable to equity holders of the parent was ZAR 12,591,000 against loss for the period attributable to equity holders of the parent of ZAR 22,799,000 a year ago. Headline earnings per share were 7.06 cents against headline loss per share of 10.09 cents a year ago. Basic earnings per share were 7.05 cents against basic loss per share of 12.70 cents a year ago. Basic earnings per share from continuing operations were 7.75 cents against basic loss per share from continuing operations of 10.80 cents a year ago. Cash generated by operating activities was ZAR 47,528,000 against ZAR 6,353,000 a year ago. Purchase of property, plant and equipment - Maintaining operations was ZAR 68,391,000 against ZAR 2,567,000 a year ago. Net debt reduced by ZAR 23.9 million from ZAR 245.4 million to ZAR 221.5 million.

Buildmax Limited Provides Financial Guidance for the Six Months Period Ended August 31, 2017

Buildmax Limited announced that for the financial results for the six- month period ended 31 August 2017, shareholders are advised that: basic earnings per share is expected to be between 6.41 cents and 7.68 cents compared to the basic loss per share of 12.70 cents reported in the corresponding prior period; and headline earnings per share is expected to be between 6.56 cents and 7.56 cents compared to the headline loss per share of 10.09 cents in the corresponding prior period.

Buildmax Limited Reaches Agreement with the National Union of Mine Workers

Buildmax Limited confirmed that it has reached agreement with the National Union of Mine Workers on a new 5-year substantive agreement which will apply from 1 March 2018 until 28 February 2023.

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