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Sephaku expects at least 69% increase in interim earnings

1st November 2024

By: Marleny Arnoldi

Deputy Editor Online

     

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JSE-listed Sephaku Holdings expects to report an increase of between 69% and 85% in its basic earnings per share (EPS) to between 13.1c and 14.3c for the six months ended September 30.

This compares with the basic EPS of 7.74c reported for the first half of the prior financial year.

Headline earnings per share are expected to be between 13c and 14.1c, representing an increase of between 72% and 87% year-on-year.

The company says in a trading statement, issued on November 1, that its interim performance improved in the Dangote Cement South Africa business, while the Métier and Sephaku Cement businesses demonstrated resilience and agility in maintaining market share.

Sephaku Holdings will publish its interim results on or about November 11.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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