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Afrimat's earnings surged 92.3% in H1 2025, fueled by stronger iron ore and construction sales, but debt and export challenges remain.
Afrimat posted a 92.3% surge in headline earnings per share for the first half of fiscal 2025, driven by stronger domestic iron ore sales and improved construction materials performance, with group revenue up nearly 30% to ZAR5.3 billion.
The cement division saw revenue jump 118.8% but remained unprofitable, while cash flow rose to ZAR357.7 million.
Despite progress, debt remains high, and challenges persist from South Africa’s deindustrialization and logistical constraints on iron ore exports.
The company declared a 20-cent interim dividend and is selling non-core assets to reduce debt, while exploring opportunities in rare earth elements.
Las ganancias de Afrimat aumentaron un 92,3% en el primer semestre de 2025, impulsadas por las ventas más fuertes de mineral de hierro y construcción, pero persisten los desafíos de deuda y exportación.