PPC to post higher interim profits

Published: 25 April 2014

Cement manufacturer PPC said today that it is likely to post higher profits in the six months to March 2014.

In a trading update, PPC said this is attributable to "non-recurring accounting items."

The group said headline earnings a share are likely to rise to be between 30 and 40 percent higher than the past comparable period.

(South African companies use headline earnings or headline earnings a share as a measure of profitability). Earlier this month, PPC's Zimbabwean division PPC launched a new state of the art palletiser and plastic cover wrapping machine, a first in Zimbabwe's cement industry.

An automated machine which packs cement bags onto a pallet in a neatly designed unit, the palletiser will offer improved output, better service and turn-around times for our customers, enhancing PPC's service delivery.

"To remain on top of our game and ensure that we, in support of our company values, understand that our customers are the reason for our existence and that our efforts will be focussed on understanding and meeting our customers' needs consistently and supplying quality products and services provides a service that goes far beyond the simple purchasing of cement. We are involved in every part of our customer's journey right up until project completion," said Mr Njombo Lekula, MD for PPC Zimbabwe at the time.

The new palletised packing system is a more efficient packing system that will address time wasting challenges.

For the FY2013 ended September 30, the group benefited from strong growth in PPC Zimbabwe die to high demand of the product in the country.
- BH24