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Fri 13 Jun 2025
Close: 170c 
Day's move: 0c (0.00%)
Volume: 212 116
Trades: 8
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Revenue for the period decreased to R613.8 million (2023: R626.6 million) whilst operating profit went down to R44 million (2023: R48.2 million). Profit for the period jumped to R32.6 million (2023: R19.7 million). Furthermore, headline earnings per share jumped to 13.78 cps (2023: 7.54 cps).
Company outlook
Métier and SepCem have not yet experienced an increase in overall demand for construction materials, despite the encouraging trends in key macro-economic indicators and the optimism that the Government of National Unity will stimulate an economic recovery.
We expect our operating environment to remain subdued during the second half of the year as proposed new private public partnerships in infrastructure development take time to translate into meaningful cement volumes.
However, we have reason to be cautiously optimistic and have positioned our businesses to capitalise on additional growth opportunities as they arise.
Métier has commenced work, with increasing momentum, on sizeable contracts to supply products and services for highly technical projects in the civil construction sector in KZN. In the Western Cape, Métier’s second plant will strengthen our presence and demonstrate our commitment to the market. We will continue to pursue other opportunities aligned with our strategy.
SepCem has retained technical customers and expects a modest improvement in the retail market as lower inflation and decreasing debt servicing costs contribute to a more positive outlook for consumer discretionary spending. However, the combination of competitive pricing trends and unplanned stoppages at the Aganang integrated plant during the second half of the year, is likely to result in lower than expected EBITDA due to the associated inventory depletion.
Investor presentation webcast and conference call
The results webcast and conference call for investors will be at 11:00 SAST on 11 November 2024. Pre-registration is required and can be done using the following links to obtain the dial-in details:
SepHold FY2025 Interim Results conference call pre-registration
SepHold FY2025 Interim Results Webcast link
The results presentation will be available on the Company website from 07:45hs on 11 November 2024 at the following link: sephakuholdings.com/investor-centre/presentations/
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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