Brikor achieves strong interim performance

An image of Brikor CEO Garnett Parkin

Brikor CEO Garnett Parkin

20th November 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online


Font size: - +

Construction materials provider Brikor reported a profit before earnings from its associate of R13.1-million for the six months ended August 31, compared with a loss of R1.7-million in the first six months of the prior financial year.

“The R13.1-million profit achieved reflects profit before earnings from Brikor’s associate, Zingaro Holdings, in which Brikor holds 40% of the shares. The investment in this associate contributed R7.2-million to the profit for the reporting period," Brikor CEO Garnett Parkin explains.

The company posted earnings a share of 2.5c, compared with a loss a share of 0.1c for the prior comparable period.

The bricks segment reported operating profit before interest and taxation of R17.1-million and the coal segment realised R9.8-million for the period.

“The bricks segment performed at exceptional levels, improving revenue by 16.6% to R132.5-million. The coal segment maintained sales quantities and reported higher revenue on account of increased selling prices.”

Administrative expenses increased as a result of the acquisition of securities by Nikkel Trading 392 and a subsequent offer to minority shareholders, as well as the contract mining and coal offtake agreement.

No dividends were declared for the period.

Brikor is listed on the AltX of the JSE and is a diverse manufacturer and supplier of building and construction materials across a broad spectrum of the market from low-cost housing and residential to commercial, industrial and infrastructure projects.

The group operates through two segments, namely bricks and coal – the latter being through its subsidiary, Ilangabi Investments 12.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online




Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...


Latest Multimedia

sponsored by

On-The-Air (17/05/2024)
On-The-Air (17/05/2024)
17th May 2024 By: Martin Creamer
Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 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
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?







sq:0.274 0.327s - 152pq - 2rq
Subscribe Now