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

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.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

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
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

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
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

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

MMI reports better earnings thanks partly to life insuranceFigures rise by a fifth in nine months to end-March
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

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
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »

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.
Fonte: ewnupdates - 🏆 30. / 53 Consulte Mais informação »