Afrimat to report lower earnings amid volatile price environment

JSE-listed diversified miner Afrimat expects to report a 15% to 20% year-on-year decrease in its earnings per share (EPS) for the financial year ended February 28, on the back of lower prices.

EPS will be between 448.6c and 476.6c apiece, compared with the EPS of 560.7c apiece reported in the prior financial year.