BRIEF-Insimbi Refractory And Alloy Supplies HY HEPS Falls 29 Pct

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BRIEF-Insimbi Refractory And Alloy Supplies HY HEPS Falls 29 Pct

Oct 17 (Reuters) - Insimbi Refractory and Alloy Supplies Ltd ISBJ.J :

* HY REVENUE INCREASED BY 28% TO R2.14 BILLION.

* HY HEPS DECREASED BY 29% TO 8.47 CENTS PER SHARE

* TRADING AND OPERATIONAL OUTLOOK FOR REMAINDER OF FINANCIAL YEAR IS POSITIVE

* DECLARED A GROSS INTERIM DIVIDEND OF 2 CENTS PER SHARE FOR PERIOD ENDED 31 AUGUST 2018

* Q1 TO END MAY 2018 RATHER DISAPPOINTING WITH SIGNIFICANT "HANGOVER" FROM STRONG ZAR, PRESSURE ON MARGINS

* MARGINS SHOWED SIGNS OF RECOVERY ON BACK OF A WEAKER CURRENCY IN Q2

* ECONOMIC AND POLICY ENVIRONMENT REMAINS VERY CHALLENGING

* SAYS "WE ARE HOPEFUL THAT 3RD QUARTER WILL BE A REPEAT OF Q2 PERFORMANCE"

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