Insimbi doubles profit, but holds off on dividend
Surging commodity prices boost earnings but the group says global uncertainty prompted it to withhold payout to shareholders
31 May 2022 - 12:42
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...
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