PPC - May 2015
PPC has reported a nine per cent rise in revenue to ZAR4.5bn in the half-year ended 31 March 2015, compared to the same period last year. Profit over the period, however, has slumped by 38 per cent while EBITDA is down by four per cent, mainly due to poor economic growth, increased cement imports and local competition in the company’s home market of South Africa. The news in Zimbabwe and Botswana was more encouraging with sales volumes up by nine per cent and 20 per cent, respectively. Rwanda also reported a rise in both cement sales and selling prices.