Afrimat

Afrimat interim HEPS to fall between -75% & -85% to between 65.9c & 39.5c. Low export prices, higher shipping costs, a stronger Rand, & Transnet rail -20% below capacity weighed on earnings. Newly acquired Lafarge cement had losses due to production issues & Q1 local iron ore sales were hit by a customers’ furnace freeze. Construction Materials & Industrial Minerals performed well.
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