News Formal

Healthy iron ore prices boost Afrimat’s full-year earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The group says the commodity helped offset a tough period for the construction-materials division

Afrimat CEO Andries van Heerden says the economic slowdown has been hard on the company’s construction-materials business. Picture: RUVAN BOSHOFF

Group revenue rose 24.6% to R3bn, while headline earnings per share grew 29.6% to 234.1c, the group said on Thursday. “Healthy international iron ore prices turned the recently acquired Demaneng iron ore mine into a star performer,” the group said.“Our construction-materials segment felt the brunt of the slowdown in economic activity, with the KwaZulu-Natal and Gauteng businesses being impacted the most,” said Afrimat CEO Andries van Heerden.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lewis Group says full-year earnings rose as much as 25%Lewis says it is boosted by ‘the continued turnaround in the performance of … Lewis, Best Home and Electric, and Beares’ Ramoliko You thought Lewis was what
Source: BDliveSA - 🏆 12. / 63 Read more »

Coronation share price drops to six-week low on weaker earningsThe fund manager cites disappointing investment performance and little growth in the local pension fund industry
Source: BDliveSA - 🏆 12. / 63 Read more »

Coronation share price drops to six-week low on weaker earningsThe fund manager cites disappointing investment performance and little growth in the local pension fund industry
Source: BDliveSA - 🏆 12. / 63 Read more »

Lewis says strong sales growth drives earnings in year to MarchThe group’s diversification strategy is expected to continue supporting sales growth.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

MMI reports better earnings thanks partly to life insuranceFigures rise by a fifth in nine months to end-March
Source: BDliveSA - 🏆 12. / 63 Read more »

Fall in property values result in earnings slump for Tsogo SunAdjusted HEPS are expected to be between 3% and 7% lower than in the previous year
Source: BDliveSA - 🏆 12. / 63 Read more »

Investec reports 3.6% rise in annual earningsThe group, which is undergoing a reorganisation under new leadership, reported adjusted basic earnings per share of 55.1 pence in the year to March 31, up from 53.2 pence.
Source: ewnupdates - 🏆 30. / 53 Read more »