AFRIMAT LIMITED - Trading update for the six months ended 31 August 2013
AFT 201310220035A
Trading update for the six months ended 31 August 2013
Afrimat Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022534/06)
Code: AFT ISIN: ZAE 000086302
("Afrimat" or "the Company")
TRADING UPDATE FOR THE SIX MONTHS ENDED 31 AUGUST 2013
In terms of the JSE Listings Requirements, companies are required to publish a trading
statement as soon as they are satisfied with a reasonable degree of certainty that the
financial results of the period to be reported upon will differ by 20% or more from the
financial results of the previous corresponding period.
Afrimat is pleased to announce that headline earnings are expected to increase by
between 35% and 45% for the six months ended 31 August 2013 (“the period”).
Headline earnings per share ("HEPS") and earnings per share (“EPS”) for the period are
also expected to increase by between 35% and 45%, compared to the previous period. The
results of Infrasors Holdings Limited are included from 1 March 2013.
Mining & Aggregates generated excellent profits despite tough trading conditions in most
regions. Industrial minerals operations performed strongly well with the turnaround of
Infrasors progressing as planned and achieving positive results. Concrete Based Products
recorded a satisfactory increase in sales volumes and sales prices. However, a strike at the
Gauteng operation and high cost increases resulted in lower profits for the period.
The financial information on which this trading statement is based has not been reviewed by
the Company’s auditors. The Company’s financial results will be released on or about 31
October 2013.
Johannesburg
22 October 2013
Sponsor: Bridge Capital Advisors Proprietary Limited
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