Strong commodity prices boost Insimbi’s interim net profit by 47%

Metals recycling group Insimbi Industrial Holdings has posted a 47% increase in net profit to R67-million for the six months ended August 31, while earnings per share (EPS) grew by 52% to 17.06c.

This compares with a net profit of R46-million and EPS of 11.22c reported for the corresponding six months in the prior year.