Sephaku Cement earnings expected to fall in 2018

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South Africa: Sephaku Cement says that its earnings for its 2018 financial year that ended on 31 March 2018 are expected to fall by up to 40% to US$3m. It has blamed this on a poor start to the year from its cement business, the impact of one-off income from a closure agreement with Sinoma regarding the opening of a new cement plant on the previous year’s results and poor results from its concrete business.

Last modified on 26 June 2018

URL: https://www.globalcement.com/news/item/7682-sephaku-cement-earnings-expected-to-fall-in-2018

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