JSE-listed construction materials supplier Afrimat on Thursday reported that the turnaround it had achieved in the first half of the 2010 financial year had been sustained in the third quarter of the financial year.

At the time of releasing its interim results, in November last year, the supplier had reported a 21,2% increase in revenues, a 22,1% increase in operating profit and a 20,8% increase in headline earnings a share.

It noted in a statement on Thursday that the group’s stronger performance had been sustained in the third quarter of the year, with the segmental profit distribution of its three business units remaining consistent with that of the first half of the year.

Further, the supplier highlighted that the severely depressed market conditions in the Western Cape, which negatively impacted on its Readymix business unit in the first six months of the year, had shown some marginal signs of improvement.

The group’s financial year will close on February 28.

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