Tag: andries van heerden
Afrimat’s annual operating profit surged 27.5 per cent to R471.2 million, boosted by strong demand from its iron ore operations. However, the construction and mining group withheld its final dividend to use the cash to cement its balance sheet from Covid-19. Afrimat CEO, Andries Van Heerden joins CNBC Africa to review the numbers.
Buildings material company, Afrimat says its diversification plans helped weather the tough economic conditions with its interim revenue rising 19 per cent to R1.7 billion. The company raised its dividend to 36 cents from 19 cents previously. Afrimat CEO, Andries van Heerden joins CNBC Africa for more.
Afrimat’s financial results for the year ended 28 February reveal increases in shareholder return with headline earnings per share up almost 30 per cent to 234 cents, the minerals miner also declared a dividend of 62 cents per share. Afrimat improved its debt to equity ratio by more than 11 per cent. Joining CNBC Africa to unpack these results is Andries van Heerden, CEO of Afrimat.