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afrimat ltd (AFT) Snapshot

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afrimat ltd (AFT) Details

Afrimat Limited, an open pit mining company, provides construction and industrial materials to the industrial minerals, building, construction, road building, railroad, and mining sectors in South Africa and Namibia. It engages in mining and providing aggregates, such as stone, gravel, and sand primarily for civil engineering and infrastructure projects, as well as offers mobile crushing, drilling, and blasting services on contract basis. The company also provides concrete blocks and bricks, brick paving, and ready mix concrete, as well as molded concrete products, including walling. In addition, it offers industrial minerals, such as metallurgical dolomite and agricultural lime products; clinker aggregates; and limestone and silica. Afrimat Limited was founded in 1963 and is headquartered in Tyger Valley, South Africa.

2,085 Employees
Last Reported Date: 07/2/13
Founded in 1963

afrimat ltd (AFT) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: R2.9M
Financial Director, Executive Director and Me...
Total Annual Compensation: R2.0M
Chief Operating Officer of Mining & Aggregate...
Total Annual Compensation: R1.4M
Compensation as of Fiscal Year 2013.

afrimat ltd (AFT) Key Developments

Afrimat Limited Announces Change of Company Secretary

Afrimat Limited that Mr. Pieter Gabriel de Wit has resigned as company secretary of Afrimat Limited with effect from 7 November 2013 due to his appointment into an executive operational position within the Afrimat group. Mrs. Mariëtte Swart, a chartered accountant, has been appointed as company secretary with effect from 7 November 2013.

Afrimat Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended August 31, 2013; Declares Interim Gross Dividend for the Six Months Ended August 31, 2013, Payable on December 09, 2013

Afrimat Limited announced unaudited consolidated earnings results for the six months ended August 31, 2013. For the period, the company reported revenue was ZAR 931,871,000 compared to ZAR 671,349,000 for the same period last year. Operating profit was ZAR 108,909,000 compared to ZAR 75,623,000 for the same period last year. Profit before taxation was ZAR 103,366,000 compared to ZAR 73,129,000 for the same period last year. Profit attributable to shareholders was ZAR 75,272,000 compared to ZAR 50,603,000 for the same period last year. Profit attributable Owners of the parent were ZAR 103,036,000 compared to ZAR 90,250,000 for the same period last year. Diluted earnings per ordinary share were 47.3 cents compared to 34.3 cents for the same period last year. Diluted headline EPS was 47.5 cents against 34.2 cents a year ago. Net cash from operating activities was ZAR 119,080,000 compared to ZAR 86,860,000 for the same period last year. Acquisition of property, plant and equipment was ZAR 50,530,000 compared to ZAR 45,165,000 for the same period last year. Notice is hereby given that an interim gross dividend, No. 13 of 11 cents per share, in respect of the six months ended 31 August 2013, was declared on 30 October 2013. Last day to trade cum dividend is 29 November 2013, commence trading ex-dividend is 2 December 2013, record date is 6 December 2013 and dividend payable on 9 December 2013.

Afrimat Limited Declares Interim Gross Dividend, Payable on 9 December 2013

Afrimat Limited announced that on 30 October 2013, it has declared an interim gross dividend, No. 13 of 11 cents per share, in respect of the six months ended 31 August 2013. The South African dividend tax rate is 15% and no STC credit is available to be utilized by shareholders. The dividend payable to shareholders who are subject to dividend tax and shareholders who are exempt from dividend tax is 9.35 cents and 11 cents per share, respectively. Last day to trade cum dividend is 29 November 2013, commence trading ex dividend is 2 December 2013, record date is 6 December 2013 and dividend payable on 9 December 2013.


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