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News PPC publishes 2023 financial year trading update

PPC publishes 2023 financial year trading update

Written by Global Cement staff 16 June 2023
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South Africa: PPC has advised investors that its full-year 2023 results will show a more-than-doubling of its headline loss per share from continuing operations. The group said that its cement sales volumes in South Africa and Botswana fell by 5.8% year-on-year, while volumes in Zimbabwe dropped by 16%. Its subsidiary Cimerwa increased its cement sales volumes during the year by 1%. Despite the local decline in volumes, PPC increased its revenues in South Africa and Botswana by 1.7%. South Africa and Botswana cement sales constituted 46% of group revenues, Zimbabwe cement sales 17% and Rwanda cement sales 15%.

Last modified on 21 June 2023
Published in Global Cement News
Tagged under
  • South Africa
  • PPC
  • PPC Botswana
  • PPC Zimbabwe
  • Cimerwa Cement
  • Results
  • volumes
  • Sales
  • Rwanda
  • Botswana
  • Zimbabwe
  • GCW613
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