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.