Enhanced Investments - Financial Portal

Voluntary trading update for the six-month period ended 31 August 2023

Published: 2023-09-28 09:05:19 ET

AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
(“Afrimat” or “the Company”)




VOLUNTARY TRADING UPDATE FOR THE SIX-MONTH PERIOD ENDED 31 AUGUST
2023


Shareholders are hereby advised that for the six-month period ended 31 August 2023:

•   earnings per share (“EPS”) is expected to be between 252.4 cents and 265.0 cents,
    representing an increase of between 0% and 5% compared to EPS of 252.4 cents reported
    for the six-month period ended 31 August 2022; and

•   headline earnings per share (“HEPS”) is expected to be between 257.2 cents and 269.8
    cents, representing an increase of between 2% and 7% compared to HEPS of 252.2 cents
    reported for the six-month period ended 31 August 2022.

Afrimat and its subsidiaries (“the Company”) remain a successful and profitable business with
good cash generation. For the period under review, Afrimat has continued to invest
substantially in projects that are expected to yield fruitful returns and further strengthen
diversity and competitive advantage in the future.

The financial information on which this voluntary trading update is based has not been
reviewed or reported on by the Company’s auditors. The Company’s financial results are
expected to be released on or about 26 October 2023.

Cape Town
28 September 2023

Sponsor
Valeo Capital (Pty) Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.