Sephaku Group expects to report higher full-year earnings
Headline earnings a share for cement manufacturer Sephaku Group – which comprises SepHold, Metier Mixed Concrete and Dangote Cement South Africa (SepCem) – are expected to be between 5.79c and 6.39c for the financial year ended March 31.
Earnings a share are expected to be between 7.44c and 8.22c for the twelve months under review
Contributing to this increase in earnings is Metier’s timely turnaround programme, which improved the subsidiary’s profitability, resulting from the combination of lower costs and income from the disposal of under-used assets.
Métier’s earnings contributed to the group’s positive earnings before equity accounting for the associate, thereby supporting SepHold’s operational expenses for the period under review.
SepCem’s sales volumes were 9% higher year-on-year for the 12 months ended December 31, 2020, in spite of there having been zero sales during the pandemic-related Alert Level 5 national lockdown from the end of March to May 2020.
The group’s results will be released on June 25.
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