PPC announces R200m share buyback despite bigger loss
Constrained demand forces cement maker to seek new markets and try other industries
26 June 2023 - 08:29
UPDATED 26 June 2023 - 19:00
After hacking down a fifth of its debt in the year to the end of March, the board of cement giant PPC has given the green light to start repurchasing up to R200m worth of its own shares, in a bid to boost shareholder value.
Amid limited state-backed infrastructure projects, the construction and materials group said it is now on the hunt for new and diversified revenue streams that will ensure sustainable growth into the future...
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