DStv Channel 403 Saturday, 14 December 2024

PPC cements recovery in Southern Africa

JOHANNESBURG - Cement giant PPC says its results for the six months to end September has shown encouraging recovery.

The company reported a 20.9 percent increase in revenue to R6-billion for the six months.

READ: Cement maker PPC set to increase prices

Sales volumes were down in South Africa and Botswana, partly due to a weaker economic environment.

But, the producer managed to reduce its net debt in these areas.

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