Building and construction materials group Sephaku Holdings expects a decline in earnings in the first half of the financial year as low sales and flat prices hurt subsidiary and concrete supplier Métier Mixed Concrete’s net profit.
The continued decline in concrete sales volumes and flat pricing against inflationary cost increases resulted in a decrease in Métier’s net profit, the company said. Métier manufactures ready-mix concrete products for SA’s industrial, commercial and residential markets. The group has taken strain from the declining demand and price competition in cement and mixed concrete markets, according to its 2019 annual report.
Yes. That happens when you don’t want to build today because you don’t know if you will own it tomorrow. EWC
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
PPC share price tumbles on earnings warningHeadline earnings per share for the six months to end-September are expected to fall as much as 85%
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »