Afrimat flags earnings drop on iron-ore, anthracite, cement market challenges
JSE-listed construction materials and industrial minerals company Afrimat expects to report an 85% to 90% year-on-year decrease in earnings per share (EPS) and headline earnings per share (HEPS) for the financial year ended February 28. EPS are expected to be between 52c and 78c, compared with EPS of 520.3c reported for the 2024 financial year, while HEPS are expected to be between 56.7c and 85.1c, compared with the HEPS of 567.3c reported for the prior financial year.
JSE-listed construction materials and industrial minerals company Afrimat expects to report an 85% to 90% year-on-year decrease in earnings per share (EPS) and headline earnings per share (HEPS) for the financial year ended February 28. EPS are expected to be between 52c and 78c, compared with EPS of 520.3c reported for the 2024 financial year, while HEPS are expected to be between 56.7c and 85.1c, compared with the HEPS of 567.3c reported for the prior financial year.
