Afrimat flags profit rise as lockdown conditions ease

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Afrimat flags profit rise as lockdown conditions ease
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Mining, industrial minerals, and aggregates have benefited from easier operating conditions

Building materials and mining group Afrimat has flagged an up to 63% rise in headline earnings per share in its half year to end-August, off a low base after Covid-19 restrictions hit activity in 2020.

In a trading update for the six months to end-August, Afrimat said heps is expected to rise 58%-63%, or headline profit of up to R438m for a group valued at R6.9bn on the JSE...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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