PPC forecasts profit hike

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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


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