https://newsletter.en.creamermedia.com
Africa|Botswana|Business|Cement
Africa|Botswana|Business|Cement
africa|botswana|business|cement

PPC expecting significantly higher interim earnings per share

28th October 2024

By: Darren Parker

Deputy Editor Online

     

Font size: - +

Cement producer PPC has notified shareholders that its earnings per share (EPS) and headline earnings per share (HEPS) are expected to be significantly higher for the six months ended September 30 than for the corresponding period a year ago.

In an October 28 statement, PPC says it expects EPS to be between 11% and 31% higher year-on-year, while HEPS are expected to be between 0% and 18% higher.

PPC says the improvement in EPS is primarily owing to an overall reduction in the group’s administration and other operating expenditure improvements in the company’s South Africa and Botswana business units.

This partially offset a weaker performance from the group’s Zimbabwe arm, along with increased investment income owing to higher average cash balances during the period and a nonrecurrence of a pretax R53-million impairment in the prior period.

The company said these aspects were partially offset by a higher tax charge with the effective tax rate at 33%, compared with 25% for the six months ended September 30, 2023.

PPC will release its audited results for the six-month period on November 18.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest News

Showroom

AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 
Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

An image showing the Africa Trade Engine launch
Pioneering Africa Trade Engine launched to actualise AfCFTA
14th November 2025 By: Tasneem Bulbulia

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.239 3.516s - 258pq - 2rq
Subscribe Now