Construction materials company Sephaku Holdings (SEP) has advised that its headline earnings per share (HEPS) for the six months ended September are expected to be between 2.64c and 2.92c‚ compared with a headline loss per share of 5.6c a year ago.
Its earnings per share (EPS) are expected to be between 3.15c and 3.49c per share from a loss of 5.69c.
The company said the increase in earnings was mainly due to the consolidation of the full financial results of recently acquired Metier Mixed Concrete‚ which made a R24.5m profit after tax and brought in revenue of R302m for the six months to end-September 2013.
As a result of the Metier acquisition during 2013‚ Sephaku’s focus has changed from mining exploration and development to building and construction materials sales.
Sephaku’s results will be published on November 20.