Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
News PPC announces 10% year-on-year profit increase in 2013

PPC announces 10% year-on-year profit increase in 2013

Written by Global Cement staff 20 November 2013
  • Print

South Africa: PPC (formerly Pretoria Portland Cement) has announced that full-year profit in 2013 was increased by 10% after improved sales in its home market and neighbouring Zimbabwe. Net income rose to US$92m in the 12 months to September 2013 from US$83m in 2012.

"Cement sales in our home territories, particularly Zimbabwe and South Africa, have shown good growth," said Ketso Gordhan, chief executive officer of PPC.

PPC is expanding in Africa through acquisitions to offset tougher competition in its domestic market. The company will have three new plants operating in the Democratic Republic of Congo, Rwanda and Ethiopia by the end of 2015, boosting capacity by more than a third to as much as 11Mt/yr.

"Due to modest growth, the domestic trading environment remains tough and highly competitive," said a PPC representative. "We are on track to meet our strategic objective of generating 40% of our revenues from the rest of the continent by 2017."

Published in Global Cement News
Tagged under
  • South Africa
  • PPC
  • Results
  • GCW127

Related items

  • UltraTech Cement records 47% nine-month profit growth
  • Birla Corporation increases nine-month net profit by 23%
  • Cement import shortcuts
  • Sinoma International Engineering grows value of new projects by 9% to US$5.3bn in 2020
  • South African trade commission starts review of tariffs on cement imports from Pakistan

Catch up on the latest coronavirus news on Global Cement's hub page

back to top
Loesche - Innovative Engineering
Acquisition Cemex China coronavirus Dangote Cement Export Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US Vietnam
« January 2021 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.