PPC’s earnings tumble as sales remain subdued
The JSE-listed firm ascribed the results to lower earnings generation in SA and Botswana, and hyperinflation and a planned kiln shutdown in Zimbabwe
16 November 2022 - 12:22
Cement supplier PPC expects earnings losses of up to 8c per share when it releases its interim results for the six months ended September 30 later in November.
The company said in a trading statement released on Wednesday that overall headline earnings per share for the period were likely to reflect losses of between 4c and 8c per share, more than a 100% drop from the corresponding period in 2021 when it achieved a 42c per share profit...
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