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Cement maker Sephaku shares soar on return to profit

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Shares rise the most in almost four months as reopening of the economy boosts sales volumes

Shares in Sephaku rose nearly 10% on Friday, the most since early March, after the cement maker returned to profit in the year to end-March, as the reopening of the SA economy after the first hard lockdown boosted its sales volumes.

Sephaku, whose CEO Pieter Fourie died on May 19 after suffering a stroke, has a 36% stake in Dangote Cement SA, which manufactures the Sephaku cement brand, and owns 100% in Métier Mixed Concrete. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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