Mining News

Afrimat posts strong interim results, with all segments contributing positively to growth

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Midtier openpit miner Afrimat has confirmed it is in a healthy financial position and able to accelerate growth, after delivering a ‘pleasing’ performance in the six months ended August 31.

The group posted an operating profit of R582-million, up 65% on the R353-million operating profit generated in the six months ended August 31, 2020. The operating profit margin also improved from 22.7% to 24.1%.

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