South Africa

390 posts · Page 21 of 39

Sephaku Cement reports 25% fall in net profits

Sephaku Cement reports 25% fall in net profits

Sephaku Cement (Dangote group) reported a 35 per cent slump in net profit to ZAR44m (US$31.7m) on a one per cent decline in revenue to ZAR831m for the year to end-March. "We exp...

PPC expects profit increase in FY18

PPC expects profit increase in FY18

South Africa’s PPC expects its net profit attributable to shareholders to increase between 55-65 per cent for the financial year ended 31 March, compared with ZAR93m (US$6.9m) o...

Lafarge Africa records sales increase in 2017

Lafarge Africa records sales increase in 2017

A NGN33bn (US$105m) write-down on Lafarge Africa’s operations in South Africa and Nigeria resulted in a wider loss for 2017, according to Reuters. The one-off impairment charge ...

Sephaku Cement posts 16% fall in profits in 2017

Sephaku Cement posts 16% fall in profits in 2017

Dangote-owned Sephaku Cement has posted a 16 per cent drop in its full-year profit, despite revenue increasing by 3.7 per cent to ZAR2.37bn (US$201.1m) in 2017. The South Africa...

FLSmidth acquires Sandvik Mining Sytems

FLSmidth acquires Sandvik Mining Sytems

FLSmidth has announced that its acquisition of Sandvik Mining Systems has been finalised. The deal will see the integration of continuous surface mining and minerals handling te...