https://www.engineeringnews.co.za

Afrimat earnings slowly rise following pandemic impact

7th October 2020

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Industrial minerals and building materials supplier Afrimat is expecting to report headline earnings a share of between 181.9c and 191c for the six months ended August 31, representing an increase of between 0% and 5% year-on-year.

Earnings a share are expected to be between 183.5c and 192.7c, also between 0% and 5% higher year-on-year.

The company further expects profit before interest and taxes to increase by between 10% and 15%, especially as its bulk commodities segment experienced “exceptional” growth year-on-year as a result of favourable pricing.

The construction materials and industrial minerals segments, meanwhile, recovered from the Covid-19 impact and returned to profitability, Afrimat confirms.

The company’s financial results will be released on or about October 29.

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

Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds is a leading steel, tube, and engineering product supplier in South Africa.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

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







301

sq:0.048 1.13s - 140pq - 2rq
Subscribe Now