JSE-listed building materials supplier Afrimat expects its earnings a share and headline earnings a share for the first half of the 2010 financial year to be between 15% and 25% higher than for the first six months of the previous financial year.

Afrimat had reported a 31,3% drop in headline earnings to R32,7-million in the first half of the previous financial year, as a result of challenging trading conditions, particularly in the Western Cape.

The company noted on Monday that the aggregates division had experienced a significantly improved performance compared with the previous year.

Tough trading conditions had, however, persisted in the Western Cape, with demand for ready-mix products, in particular, remaining low.

Afrimat would publish its results for the six months ended August 31, 2009, on November 5.

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