South Africa’s Sephaku back to profitability in H1 2015

South Africa’s Sephaku Holdings recorded a revenue of ZAR 461.4 million (US$32.4 million) in H1 2015 (April 1 – September 30), up from ZAR 404.2 million ($28.25 million) in the year-ago period. The group attributed the improved revenue to increased output from ready-mixed concrete products at its subsidiary Metier's eleventh plant, which began operations in September 2014. The review period saw Sephaku generate a net profit of ZAR 18.5 million ($1.34 million), up from a loss of ZAR 3.74 million ($262,705) in the same period of last year.