https://www.miningweekly.com

Afrimat's interim earnings to increase

18th September 2019

By: Creamer Media Reporter

     

Font size: - +

African construction materials and industrial minerals supplier Afrimat expects its earnings per share (EPS) for the six months to August 31 to increase by between 80% and 100% to between 168.5c and 187.2c, compared with the EPS of 93.6c reported for the six months to August 31, 2018.

Headline earnings per share (HEPS) are also expected to increase by between 80% and 100% to between 167.6c and 186.2c, compared with the HEPS of 93.1c reported for the prior comparable period.

Afrimat on Wednesday said it was pleased with the improved results from its Construction Materials segment, the strong growth of its Industrial Minerals businesses and the healthy contribution from the Demaneng iron-ore mine, in the Northern Cape.

Afrimat CEO Andries van Heerden commented in a separate release published on Wednesday that the company's diversification into iron-ore had helped to support its growth trajectory and cash position.

The company’s interim financial results will be released on or about October 31.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.835s - 122pq - 2rq
Subscribe Now