South Africa’s Sephaku Holdings loses ZAR 3.74mn in half-year

South African concrete and cement company Sephaku Holdings (SepHold) posted a net loss of ZAR 3.74 million (€270,357.83/US$337,771.13) in the six months to September 2014, against the ZAR 6.26 million profit of the year-ago period. Pre-tax profit dropped 35.6% to ZAR 10.5 million due to a ZAR 22.3 million non-cash one-off contingent consideration loss on its acquisition of Métier. Further, the group was taxed ZAR 14.3 million. On the flip side, revenue was up 34% to ZAR 404.2 million, while operating
November 7, 2014 Read time: 1 min

South African concrete and cement company Sephaku Holdings (SepHold) posted a net loss of ZAR 3.74 million (€270,357.83/US$337,771.13) in the six months to September 2014, against the ZAR 6.26 million profit of the year-ago period.

Pre-tax profit dropped 35.6% to ZAR 10.5 million due to a ZAR 22.3 million non-cash one-off contingent consideration loss on its acquisition of Métier.

Further, the group was taxed ZAR 14.3 million. On the flip side, revenue was up 34% to ZAR 404.2 million, while operating profit jumped 57% to ZAR 53.1 million with Métier contributing ZAR 62.6 million (up 43%).

Subsidiary Sephaku Cement (SepCem) lost ZAR 35.9 million due to costs on the newly-commissioned Aganang integrated plant, although revenue doubled from the previous quarter to ZAR 309 million.

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SA’s Sephaku Cement sees ZAR 47mn net profit

South African company Sephaku Cement recorded a 36% rise in revenue in the year to March 2015, followed by 39% in earnings before interest, tax, depreciation and amortisation (EBITDA) to ZAR 139mn (US$11.34 million).
The Nigerian-backed cement producer further reported its operating profit up 44% to ZAR 109 million, followed by 57% in profit before tax to ZAR 72 million on a year-on-year basis, and a net profit of ZAR 47 million.
At the same time, Sephaku Cement registered an annual growth of 29% in sales

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