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News Sephaku Cement earnings expected to fall in 2018

Sephaku Cement earnings expected to fall in 2018

Written by Global Cement staff 21 June 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
Published in Global Cement News
Tagged under
  • South Africa
  • Sephaku Cement
  • Dangote Cement
  • Results
  • GCW359
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