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Sephaku lifts FY profit

Sephaku CEO Dr Lelau Mohuba

Sephaku CEO Dr Lelau Mohuba

Photo by Duane Daws

29th June 2016

By: Creamer Media Reporter

  

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JSE-listed Sephaku Holdings has posted a R60.42-million net profit for the year ended March 31, a 28% improvement on the profit of R47.16-million posted the year before.

Headline earnings a share rose by 5.41c to 29.84c, while revenue increased to R874.3-million, compared with R775.4-million.

Sephaku noted that margins at both its Cement and Metier divisions were under pressure, with Metier’s earnings before interest, taxes, depreciation and amortisation margin having decreased from 18% to 15% and its operating margin from 14% to 12%.

“Although we recorded significant growth in revenues, our margins were under pressure due to lower pricing experienced in what has become a highly contested building materials sector.

“We are however determined to retain and/or grow our market share as we pursue our optimisation programmes to improve cost efficiencies,” commented CEO Dr Lelau Mohuba.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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