Sephaku slips into a loss as rivals aggressively pursue market share

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The cement maker has reported a R7.7m loss in its year to end-September amid declining infrastructure spend in SA

Building and construction materials group Sephaku Holdings slipped into a loss in its year to end-September, saying it rivals were aggressively pursuing increased market share amid limited opportunities as infrastructure projects dry up.

SepCem, of which Sephaku holds 36%, reported a 19% decline in cement volumes, with a net loss after tax of R21.6m, down from a profit of R44.6m previously.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE tracks firmer global markets as investors await Trump speechMarkets really do seem to be trading as if in limbo, according to one analyst
Source: BDliveSA - 🏆 12. / 63 Read more »