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Insimbi profits increase

May 31 2012 at 12:48pm

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CorporateBusiness

Insimbi Refractory and Alloy Supplies Limited (ISB) lifted headline earnings by 54% from 3.9 cents to 6 cents per share for the year ended February.

The group’s operating profit for the 12 months increased by 19% to R29 million, with profit before tax up 32% to R22 million.

This was achieved on the back of a 15% growth in revenue to R845 million.

A total dividend of 3 cents per share was declared for the year. - I-Net Bridge


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