Trading Statement – Afrimat expects a decrease of 15-20% in EPS and 13-18% in HEPS for the year ended 28 February 2023 compared to the previous year. The group is debt-free with enough capital for its growth strategy. Jenkins and Nkomati mines contributed well to the results, and the group plans to ramp up anthracite operation for diversification. The Demaneng iron ore mine produces high-quality iron ore for the export market. Construction Materials and Industrial Minerals segments were impacted by economic slowdown.
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