https://www.engineeringnews.co.za

Afrimat reports higher interim EPS, HEPS

Afrimat reports higher interim EPS, HEPS

Photo by Duane Daws

21st October 2014

By: Creamer Media Reporter

  

Font size: - +

JSE-listed materials supplier Afrimat expects to report basic earnings per share (EPS) of between 59c and 64c, when it releases its interim results for the six months ended August 31.

This would be between 20% and 30% higher than the EPS of 49.1c recorded in the first half of the previous financial year.

Similarly, headline earnings per share (HEPS) would be between 59c and 64c, compared with HEPS of 49.3c recorded in the prior corresponding period.

Afrimat noted that its mining and aggregates business had generated satisfactory profits with good contributions from most operations, while the group’s industrial mineral operations had performed well and the Infrasors turnaround initiatives were progressing as planned.  

The concrete-based products business had achieved a good increase in profits resulting from cost reduction initiatives.

Afrimat’s interim results would be published on November 6.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

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:0.089 0.145s - 150pq - 2rq
Subscribe Now