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Pretoria – Buildmax, the listed open cast mining contractor and building materials supplier, expects to report a narrowing of the company’s loss for the year to February.

The company said on Friday that it expected to report a headline loss a share of between 23.35c and 19.50c for this reporting period, which was an improvement of between 72 percent and 76.8 percent on the 84c a share loss reported in the previous corresponding period.

It said that the company was expected to report a basic loss a share of between 27.5c and 23c, an improvement of between 78 percent and 81.7 percent on the previous period.

Read also: Buildmax reports loss

Buildmax anticipates publishing its annual financial results on May 31.

BUSINESS REPORT