by Rowan Goeller | May 22, 2023 | Construction and Basic Materials
Key message: Consistent volume growth remains the key value driver, and diversification reduces iron ore exposure. Afrimat released FY23 results, with HEPS declining 15% to 458c on a 5% increase in revenue and 13% decrease in operating profit. Lower iron ore prices...
by Rowan Goeller | May 22, 2023 | Construction and Basic Materials, Uncategorized
Key message: Relatively steady state earnings are expected for future years off a well-developed pipeline. Calgro released FY23 results. HEPS increased 43% to 153c on a 15% increase in revenue. The gross profit margin remained in the target range of 20-25% at 23.5%....
by Rowan Goeller | May 5, 2023 | Construction and Basic Materials
Key message: Difficult trading environment affects revenue and lowers margins from post-Covid DIY/building market boom period. Cashbuild recently released 1H FY23 results. HEPS declined 39% to 694c on a 4% and 47% decline in revenue and operating profit respectively....
by Rowan Goeller | May 5, 2023 | Construction and Basic Materials
Key message: Cement imports were down 31% in CY22, although port disruptions and a weak currency likely are having an impact. Import protection from government now appears unlikely. July to December 2022 saw imports of 348kt, down 25% from the same period in 2021....
by Rowan Goeller | Mar 24, 2023 | Construction and Basic Materials
Key message: Cement imports were down 31% in CY22, although port disruptions and a weak currency likely are having an impact. Import protection from government now appears unlikely. July to December 2022 saw imports of 348kt, down 25% from the same period in 2021....
