https://newsletter.en.creamermedia.com
Aggregates|Botswana|Cement|Engineering|engineering news|Financial|Industrial|Operations
Aggregates|Botswana|Cement|Engineering|engineering news|Financial|Industrial|Operations
aggregates|botswana|cement|engineering|engineering-news|financial|industrial|operations

PPC reports no changes to full-year results

4th July 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

JSE-listed PPC’s audited consolidated financial statements and its own financial statements for the year ended March 31, together with the unmodified audit report of the independent auditor, Deloitte & Touche, have been published, and do not contain any modifications to the reviewed condensed consolidated financial statements for the period, as published on June 27.  

As reported by Engineering News in June, PPC had posted a 19% year-on-year improvement in cash available from operations to R1.2-billion for the financial year.

Together with net proceeds from the sale of noncore assets, PPC was able to pay down R1.2-billion of its debt in the year under review. Its debt now stands at R1-billion.

During the reporting year, PPC sold its PPC Lime and Botswana Aggregates businesses.

According to the new statements, group revenue for the period increased by 11% to R9.88-billion. Excluding Zimbabwe, group revenue increased by 5%.

Profit before tax from continuing operations decreased to R186-million.

PPC reported a loss a share of 5c, and a headline loss a share from continuing operations of 3c.

It terms of outlook, the group says that, as it experiences normalisation of cement demand in the country following the post-pandemic spike, it will redouble its efforts to improve cost competitiveness through industrial performance and operational excellence.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

RioCarb
Rio-Carb

Introducing the Rio-Carb Smart Chute Concept - a revolutionary advancement in materials handling, designed for the toughest industries like mining...

VISIT SHOWROOM 
WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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:0.168 0.263s - 184pq - 2rq
Subscribe Now