JSE open pit mining company, Afrimat, today posted solid financials for the year to February 2013, maintaining its growth trajectory in challenging times. Most key performance indicators grew by double digits year-on-year. The group has successfully diversified its product range by targeting the industrial minerals arena and cementing a firm…
JSE materials supplier, Afrimat, significantly grew revenue and headline earnings for the six months to August 2012, with all other key financial indicators looking similarly positive. The group’s strategy to achieve growth from diversification is proving continually successful with the recent acquisition of the Clinker Group, a leading manufacturer of…
JSE materials supplier Afrimat posted solid growth for the year to February 2011, capitalising on more favourable economic conditions as well as product diversification to sustain the growth trajectory promised to investors. HEPS of 62,6 cents was generated off revenue of R996 million, up 16,6%, with all other key financial…
JSE materials supplier Afrimat held earnings growth steady for the six months to August 2011 (“the period”) with HEPS at 29,8 cents. Revenue grew 11% to R506,7 million. Cash from operations increased 54% off the back of stringent working capital management. The group’s geographical and product diversity enabled Afrimat to…
JSE materials supplier – Afrimat – continued to withstand tough business conditions and deliver growth, with a 10% top line increase for the year to February 2011 generating a 5% rise in profits. The commendable results reflect the benefits of the group’s sustained focus on new business development over past…
JSE-listed materials supplier, Afrimat, successfully exploited the start of an uptick in the business sector to deliver the promised stronger performance for the six months to August 2010 (“the period”). The group is specifically reaping the benefits of contract crushing in the Mining & Aggregates division, demonstrating the success of…
On the heels of this month’s acquisition that saw black empowered JSE construction materials supplier, Afrimat, diversify into industrial minerals, the Main Board group today announced a sustained turnaround with a stronger financial performance year-on-year for the twelve months to February 2010 (“the year”). The Mining & Aggregates division was…
JSE Main Board-listed construction materials supplier, Afrimat, today continued its positive growth trend when it announced the R35 million acquisition of the Glen Douglas dolomite mine from Exxaro Resources Limited. The acquisition marks the first step in the group’s diversification into complementary industries in order to expand revenue streams, boost…
In a pleasing turnaround JSE-listed construction materials supplier, Afrimat, outperformed the comparative 2008 interim period and delivered solid growth for the six months to 31 August 2009 (“the period”). The Mining & Aggregates division was largely responsible for driving a significantly stronger performance from the group, defeating tough market conditions…
JSE-listed Afrimat Limited delivered a reasonable performance for the year to February 2009 in light of the global economic downturn, supported by a good showing from two divisions – Readymix Concrete and Concrete Manufactured Products (“CMP”) – which helped boost revenue by 12,3% to R687,1 million. In line with strategy…
