JSE-listed Afrimat expects its earnings a share for the year ended February 29 to be between 318.2c and 362.4c, reflecting an increase of between 44% and 64% year-on-year.
Its headline earnings a share are expected to be between 323.1c and 369.9c, reflecting an increase of between 38% and 58% year-on-year.
Afrimat experienced a stable performance in the Construction Materials segment, strong growth from the Industrial Minerals businesses and a healthy contribution from the Demaneng iron-ore mine, the company indicated on April 9.