JOHANNESBURG: Afrimat Limited lifted headline earnings per share by 24.4 percent to 135.6 cents for the year to the end of February, from 109 cents the previous year. The open pit mining company, which provides industrial minerals and construction materials, said it continued to deliver solid results driven by its diversification strategy.
A statement from the group said the turnaround at Infrasors Holdings, acquired the previous year, was progressing well and contributing positively to the group’s results. The group said it had raised revenue for the year by 5.1 percent to R1.999 billion from R1.901 billion the previous year.
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Looking forward, the group said it was well placed to identify and pursue new opportunities in existing markets, and planned to intensify its focus on evaluating opportunities outside of South Africa.
