Afrimat

Afrimat HY HEPS fell 80% to 53 cents, the mid-point of guidance | Group Revenue +44% to R4.1bn (incl. Lafarge) | Low export prices, higher shipping costs, a stronger Rand, & Transnet rail weighed. 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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