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.