Diversification drives Afrimat’s continued growth
JSE open pit mining company, Afrimat, increased revenue by 42,1% and operating profit by 55,4% for the year to February 2014 (“the year”), reflecting the successful execution of its diversification strategy aimed at long-term sustainability. Realising five years of patient and prudent strategy roll-out, the group benefitted from the strong performance of its newer industrial […]
Afrimat’s continued strong interims
JSE open pit mining company, Afrimat, successfully exploited an uptick in the aggregates sector to deliver its promised stronger performance for the six months to August 2013 (“the period”). Key performance indicators are all significantly higher than at the same time last year, clearly reflecting the success of Afrimat’s ‘growth from diversification’ strategy. The results […]
Afrimat’s solid results keep the group ahead
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 foothold with the post year-end […]
Afrimat declares higher interim dividend
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 raw material clinker, having helped […]
Afrimat leverages diversification for good growth
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 indicators similarly looking positive. The […]
Afrimat holds steady at interims
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 exploit available opportunities in a […]
Afrimat continues to ride out tough conditions
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 years and successful expansion and […]
Afrimat extracts growth from a tough market
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 its flexible business model utilising […]
Strong Mining & Aggregates performance sustains turnaround for Afrimat
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 the key driver of the […]
Afrimat follows turnaround with diversification into high margin industrial minerals
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 profitability and sustain growth in […]