Monday, 09 November 2015 23:36

Afrimat reports increase of 24.4% in H1 HEPS

Published by
Rate this item
(0 votes)

Afrimat reports a 24.4% increase in first-half headline earnings per share.


Aggregates and construction material supplier Afrimat on Monday reported a 24.4% increase in first-half headline earnings per share.

The company declared an interim dividend of 16c per share‚ up from 13c in the year-earlier period.

Afrimat‚ which is working on a diversification and cost reduction strategy‚ has entered into an agreement to acquire lime and associated products producer Cape Lime.

Subsidiary Infrasors was affected “by the temporary closure of Highveld Steel but various new initiatives were launched to recover the resultant lost sales”.

“The group is well positioned to capitalise on its strategic initiatives‚ which include continued growth from an excellent asset base‚ selective acquisitions and greenfield expansion projects‚” it said.

source AFP

Last modified on Thursday, 14 September 2017 15:20

My Account

Murray & Roberts
Listed Construction Companies SA Construction News

Murray & Roberts

Murray & Roberts is South Africa’s leading engineering and construction services company. It has delivered infrastructure throughout South and Southern Africa for more than 110 years and is today recognised as an international engineering and construction…