PPC - May 2014
PPC has reported a two per cent rise in cement sales for the six months ending March 2014. Revenue came in at ZAR4.16bn (US$0.4bn), an increase of nine per cent on the same period last year. EBITDA was also up by five per cent to ZAR1.17bn, while operating profit jumped 15 per cent to ZAR1.36bn. The cement market now accounts for 86 per cent of the company's total revenue, compared to 10 per cent for lime and four per cent for aggregates. Much of the growth has come from increased export sales and consolidation from its Rwanda operation and newly-acquired Safika Cement.