Sephaku CEO Dr Lelau Mohuba
Photo by: Duane Daws
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.