Insimbi Refractory and Alloy Supplies Limited provided earnings guidance for the six months ended August 31, 2017. For the six months, the company advised that earnings per share (‘EPS’) and headline earnings per share (‘HEPS’) are expected to be between 11.70 cents per share to 12.20 cents per share representing an increase in EPS of between 137% and 147% compared to 4.94 cents per share for the period ended August 31, 2016; and HEPS of between 145% and 155% compared to 4.78 cents per share for the period ended August 31, 2016. The main factors contributing to the results are the impact of the acquisition of Amalgamated Metals Recycling group of companies (‘AMR’); improved performance in Insimbi Group's other traditional operations; and synergies between AMR and other Group companies.