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
