Afrimat proceeds with R116m dividend payment
Group had delayed decision for its year to end-February due to Covid-19 uncertainty
27 July 2020 - 07:57
Building materials and industrial minerals group Afrimat is proceeding with a R116m dividend payment for its year to end-February, having recently delayed the decision due to Covid-19 uncertainty.
Higher iron-ore prices helped group profits to rise more than 50% in its year to end-February. The group said in May a ramp-up in infrastructure spending in SA could benefit its quarrying business, in which it is already experiencing an improvement in demand...
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