Insimbi Refractory and Alloy Supplies Limited Reports Revenue Results for the Month and Six Months Ended 31 August 2018; Provides Earnings Guidance for the First Half Year Ended 31 August 2018
August was a particularly good month for the Group with revenue of approximately ZAR 500 million and an improvement in margins.
The company provided earnings guidance for the six months ended 31 August 2018. The company expects headline earnings per share between 8.40 cents and 9.00 cents for the six months ended August 2018 when compared to the reported HEPS of 11.95 cents for the six months ended August 2017. Earnings per share will be between 9.12 cents and 9.70 cents when compared to the reported EPS of 11.97 cents for the corresponding period.