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

June 30, 2015 Read time: 1 min

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 to ZAR 521 million in the quarter ended March 2015.

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Titan Cement posts record 2021 revenues

Titan Cement Group generated record revenues of €1,714.6m, an increase of 6.7% from 2020.

Titan has no exposure in Ukraine and Russia, but says developments in the region increase the inflation risk for its businesses

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South Africa’s PPC posts 9.2% sales growth, but also lower half-year net income

PPC, South Africa's largest cement manufacturer, recorded 9.2% sales growth to US$377.91 million (ZAR 4.5 billion) in the six months to March 2015. But it wasn’t all good news for the company, as its net income dropped from $7.73 million (ZAR 494 million) to $4.29 million (ZAR 274 million), followed by another decline in earnings per share before one-time items from ZAR 0.96 to ZAR 0.60 on a year-on-year basis.

Meanwhile, PPC is planning to generate an additional profit of $6.26 million (ZAR 400 millio