PPC delivers on strategic priorities, posts higher FY18 headline earnings

Cement producer PPC on Monday posted a 172% year-on-year increase in headline earnings to R231-million for the financial year ended March 31, while gross profit rose 3% on a strong performance by the group’s operations in Zimbabwe and Rwanda. The group’s cement sales volumes increased by 6% to 5.9-million tonnes, while group revenue grew by 7% to R10.3-billion, and net profit attributable to PPC shareholders increased by 60% to R149-million.