Increased operating costs affect PPC's earnings

The PPC cement plant in de Hoek

The PPC cement plant in de Hoek. eNCA/Ronald Masinda

 

JOHANNESBURG - South Africa’s largest cement-maker, PPC, has reported that rising costs have led to a decline in profits despite steady demand.

The company remains optimistic, saying it’s well-positioned to benefit from a potential boost once the government's infrastructure programme gains traction.

But to date, PPC has seen limited sales through these projects.

Group revenue increased 11 percent to R9.88-billion to end-March, while core slipped 6.6 percent to R1.49-billion.

PPC highlighted the pressures of competition from imports, which has had an impact the manufacturing and construction sectors ability to maintain jobs.

Source
eNCA

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