PPC expects earnings to rise as Africa business grows

JSE-listed construction materials company PPC, which is currently the takeover target of LafargeHolcim and AfriSam, on Tuesday reported that it expects an uptick in its earnings before interest, taxes, depreciation and amortisation (Ebitda) of between 3% and 6% for the half-year ending September 30. Ebitda had, however, been negatively impacted on by costs related to corporate action, legal costs and exchange rate fluctuations. Excluding these impacts, Ebitda would have risen by a further 5% to 10%.