Surging commodity prices boost earnings but the group says global incertainty prompted it to withhold payout to shareholders
Small-cap metal alloys supplier Insimbi Industrial says surging commodity prices helped it more than double profit in 2022, but it is withholding a dividend because of high levels of global uncertainty.
Group profit jumped 138% to R104.2m in its year to end-February, more than triple pre-pandemic levels as the company benefited from surging dollar-priced commodity prices that helped both export and local revenue...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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