The JSE-listed firm ascribed the results to lower earnings generation in SA and Botswana, and hyperinflation and a planned kiln shutdown in Zimbabwe
Cement supplier PPC expects earnings losses of up to 8c per share when it releases its interim results for the six months ended September 30 later in November.
The company said in a trading statement released on Wednesday that overall headline earnings per share for the period were likely to reflect losses of between 4c and 8c per share, more than a 100% drop from the corresponding period in 2021 when it achieved a 42c per share profit...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE faces mixed markets as Poland attack causes tensionJSE faces mixed markets as Poland attack causes tension
Read more »
JSE opens to green screens on Tuesday as Tencent surgesTencent, which influences the local bourse via Naspers and Prosus jumps 9.59%
Read more »
JSE muted as investors digest Fed’s more dovish outlookLocal bourse is hardly changed on Tuesday amid signs of easing tension between China and the US
Read more »
Huge Group folds network, telecoms units into one firmInvestment company Huge Group combines its two subsidiaries, Huge Networks and Huge Telecom, to form one firm. HugeGroup HugeNetworks HugeTelecom
Read more »
MARC HASENFUSS: Bowler Metcalf: still golden after 50 yearsPlucky Bowler Metcalf’s been in business for 50 years – 35 of them on the JSE – and could show Naspers a thing or two, writes MarcHasenfuss.
Read more »
Shoprite is eating its rivals’ lunchShoprite shares rise after it reports an almost one-fifth jump in quarterly sales
Read more »