Afrimat gets profit boost from Demaneng iron ore mine
The group expects headline earnings per share in its year to end-February to rise as much as 58%
09 April 2020 - 10:47
Building materials and industrial minerals group Afrimat expects profit to rise by as much as a half in its year to end-February, partially due to the contribution from its Demaneng iron ore mine in the Northern Cape.
The group said in a trading update it expects headline earnings per share (heps) to rise by between 38% and 58% from the prior period’s 234.1c, also reporting strong growth in its industrial minerals business. This business includes the production of agricultural lime, which is used to reduce soil acidity...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.