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.
