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April 17, 2009
Afrimat warns of sharp profit fall in 2009
JSE-listed building materials supplier Afrimat expects its earnings a share (EPS) and headline EPS for its 2009 financial year to be between 35% and 45% lower than the year before.
The company said in a trading update that the decline related to significant start-up costs of new operations, as well as to costs associated with changes in its black economic-empowerment (BEE) shareholding structure.
Posted by StaffWriter at April 17, 2009 3:15 PM