PPC forecasts profit hike

Comment on this story
Cement2 Independent Newspapers Picture: Simphiwe Mbokazi.

Pretoria - PPC, the listed cement and lime producer, expected its earnings a share and headline earnings a share for the six months to March to be between 30 percent and 40 percent higher than the previous corresponding period, it said on Friday.

It attributed this to unspecified non-recurring accounting items.

In the six months to March last year its headline earnings a share, excluding the effect of its black empowerment transaction and fees to obtain its Zimbabwean indigenisation certificate, increased to 85c from 80c.

PPC expected to release its financial results on May 20. Its shares rose 1.32 percent to close at R30.80 on Friday. – Roy Cokayne

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines