PPC cement sales hold up amid Covid-19 but 2021 fallout is a worry
PPC says it needs to sort out its balance sheet and get protection from dumping by Asian countries
08 December 2020 - 08:30
Cement maker PPC, which is struggling under the weight of an unsustainable R5.2bn debt load, says it managed to grow its half-year operating profits as SA sales rebounded strongly from Covid-19 lockdown restrictions.
After a hit from the pandemic in April and May, the group has reported double-digit sales growth since June, with a decline in imports due to global trade disruptions adding additional support...
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