Sephaku lifts volumes in highly competitive cement market

JSE-listed minerals exploration, development and investment company Sephaku Holdings’ (SepHold’s) net profit increased by 12.8% year-on-year to to R68.1-million for the year ended March 31, despite its revenue having decreased to R839.9-million on the back of lower prices and reduced demand in the mixed concrete market. CEO Dr Lelau Mohuba at a results presentation last month noted that operating profits increased to R84.7- million from R84.2-million the year before. Basic earnings a share increased to 33.63c from 30c and earnings a share to 33.37c from 29.84c, despite the challenging market conditions that had prevailed during the year under review.