Afrimat’s group revenue for the year ended February 28, 2025, increased by 36.7% to R8.3 bn, driven by the Lafarge acquisition, but operating profit fell 58.5% to R477.7m. Headline earnings per share (HEPS) dropped to 72.3 cents from 567.3 cents, impacted by declining iron ore prices, a stronger rand, and cement business losses. Aggregates and industrial minerals performed strongly.
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