Afrimat jumps on profit forecast

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CorporateBusiness

Johannesburg - Shares of Afrimat jump more than 5 percent after the construction material supplier said on Tuesday it expected full-year earnings to climb by up to 45 percent.

The earnings guidance was released after the market had closed.

The company's shares are up 5.37 percent at 15.70 rand, on track for its highest level ever and bucking the decline of of the Johannesburg All-share index. - Reuters



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