Sephaku Cement says 2020 will be tough on building sector
03 March 2020 - 09:18
Sephaku Cement (SepCem) says it expects the next 12 to 18 months to be tough on the building sector, with high competition in an environment characterised by declining numbers of new construction sites having already weighed on its profits in its year to end-December.
The group reported profit after tax slumped to R1.3m in its year to end-December, from R128.7m previously. Profit in the previous period had, however been boosted by an R81.7m tax credit for energy savings...
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