In a decimated construction sector, the little gem of Afrimat stands out, boasting a nicely balanced portfolio of construction materials, bulk commodities and industrial minerals.
For the interim period to August 2019, revenue rose 20% to R1.7bn; the operating profit margin increased from 14% to 19%; operating profit rose 57% to R318m; headline earnings per share rose 94% to 181.9c; the interim dividend doubled; and net debt-equity plummeted from 36% to 9%.
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