Building and construction materials group Sephaku Holdings (SepHold) 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 company, which has core investments of 36% interest in Dangote Cement SA and 100% in Métier, said it expected an interim headline loss per share of 3.36c-4.37c to end-September, compared with the prior period’s headline earnings per share of 12.59c...

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