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News PPC publishes Integrated Report 2023

PPC publishes Integrated Report 2023

Written by Global Cement staff 28 July 2023
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South Africa: PPC has published its Integrated Report for its 2023 financial year, which ended on 31 March 2023. The producer recorded revenues of US$559m, up by 0.2% year-on-year from US$557m in the 2022 financial year. Its cost of sales declined by 0.1% to US$471m from US$472m. As a result, PPC's loss widened by a factor of more than seven, to US$32.5m from US$4.36m.

PPC's cement volumes fell by 5.8% in South Africa and Botswana, where its cement prices rose by 8%. The company noted sustained 'good demand' for cement in coastal South Africa. It said that demand was 'robust' in Zimbabwe, however its local sales volumes fell by 16% on account of an extended kiln shutdown at one of its cement plants during the half. In Rwanda, PPC's subsidiary CIMERWA increased its cement volumes by 1%.

Last modified on 02 August 2023
Published in Global Cement News
Tagged under
  • South Africa
  • PPC
  • Results
  • Botswana
  • Zimbabwe
  • Rwanda
  • Cimerwa Cement
  • market
  • demand
  • Price
  • volumes
  • Loss
  • Shutdown
  • despatches
  • GCW619
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