South Africa: ABE Defies Downturn in Construction Sector

Johannesburg — SPECIALISED construction products supplier ABE Construction Chemicals yesterday posted modest growth in headline earnings per share for the year to May, despite the economic downturn.

The company, which listed on the Alt- X two years ago, defied the downturn in the building industry to report headline earnings per share growth of 19% to 25c, while turnover also rose 19% to R263m as sales across all divisions maintained positive growth.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.