BUSINESS DAY TV: Afrimat has seen ‘strong demand for government projects’
Andries van Heerden is the CEO of Afrimat. BUSINESS DAY TV: Aggregates and construction materials supplier Afrimat has reported a 25.3% rise in headline earnings per share (HEPS), that’s to 95.2c in the six months to August compared to a year ago. The company says it’s on the back of a strong performance in its mineral producing operations. Andries van Heerden, CEO of the company, joins us now in the News Leader studio. Andries ... not many companies (are) able to boast double-digit growth in the current environment, how much of what we’re seeing come through is acquisitive growth and how much organic. Because while revenue was up 15%, excluding acquisitions, almost half of that coming through at 8%, while volumes remained pretty flat. ANDRIES VAN HEERDEN: Yes. The growth in headline earnings, probably about 15% of that is generic growth the rest was acquisitive and it is really on the back of a very good performance all round, of the business that is very well diversified. BDTV: Wh...
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