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JSE-listed Sephaku Holdings mainly attributed its higher earnings for the six months ended September 30 to the consolidation of the full financial results of the recently acquired ready-mixed concrete products supplier Métier Mixed Concrete.
The company said on Monday that it expected to report earnings a share (EPS) of between 8.84c and 9.18c higher than that reported in the comparative period, which would result in an anticipated EPS of between 3.15c and 3.49c, compared with a loss a share of 5.69c in the six months ended September 2012.
Headline earnings a share (HEPS) were expected to be between 8.33c and 8.61c higher than that reported for the comparative period, which would result in an anticipated HEPS of between 2.64c and 2.92c, compared with a headline loss a share of 5.69c in prior comparative period.
As a result of the Métier acquisition this year, the focus of the group changed from mining exploration and development to building and construction materials sales.
Métier attained a R24.5-million profit after taxation and revenue of R302-million for the six months.
Sephaku’s interim results will be published on November 20.