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PPC sees earnings surge amid strategic shifts and market challenges
Cape Times
|June 10, 2025
PPC CEO, Matias Cardarelli, said on Monday that the cement manufacturer has worked hard to control underperformance within the group, unlock internal revenue and putting in place measures to enhance efficiencies, helping the company to a full-year earnings surge.
This comes as headline earnings per share in PPC for the year to end March 2025 grew from 19 cents a year ago to 40 cents. This was despite a decrease of 1.9% in revenues to R9.88 billion for the same period.
Earnings before interest, tax, depreciation and amortisation surged 28% to R1.59bn with operational free cash flow increasing to R1bn, helping the company to grow ordinary dividends for the period to 17.6 cents compared to 13.7 cents per share in the previous comparative period.
Cardarelli said PPC has had to focus on internal corrections to grow its earnings and unlock under utilised value for the company. He explained that the company had performed “ahead” of what it was expecting for the period under review.
Dit verhaal komt uit de June 10, 2025-editie van Cape Times.
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