{"id":86579,"date":"2023-11-11T10:38:51","date_gmt":"2023-11-11T08:38:51","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period"},"modified":"2023-11-11T14:49:54","modified_gmt":"2023-11-11T12:49:54","slug":"ppc-expects-strong-earnings-growth-in-six-month-period","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period","title":{"rendered":"PPC Expects Strong Earnings Growth In Six-Month Period"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Pretoria Portland Cement (PPC) Company Limited, South Africa\u2019s largest cement manufacturer, has announced positive expectations for its earnings in the six months leading up to September 30. The company projects a significant improvement in its headline earnings per share (HEPS), estimating a growth rate of 25.5% to 26.5%. This positive outlook is a stark contrast to the headline loss per share of 6 cents reported during the same period last year.<\/p>\n

Furthermore, PPC anticipates that its earnings per share (EPS) will also experience a notable improvement. The company forecasts an increase of 21% to 25% from the loss of 30 cents per share reported in the previous financial year. PPC attributes this positive difference primarily to the strong performance of PPC Zimbabwe during the current period compared to the previous year, which had experienced an extended kiln shutdown.<\/p>\n

Additionally, PPC Zimbabwe\u2019s decision to change its functional currency from the Zimbabwean dollar to the US dollar has had a positive impact on the company\u2019s financial performance. This change has resulted in the elimination of net monetary losses that arose due to hyperinflation accounting in the prior period.<\/p>\n

The interim results for PPC are scheduled to be released on November 20, 2023. The announcement of expected improved earnings has already had a positive effect on the company\u2019s share price, with a 7.1% increase to R3.03 per share.<\/p>\n

Just nine months ago, PPC had reportedly been considering selling its Zimbabwean business for approximately $200 million. The potential sale would allow the company, founded in 1892, to focus more on its South African operations.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Pretoria Portland Cement (PPC) Company Limited, South Africa\u2019s largest cement manufacturer, has announced positive expectations for its earnings in the six months leading up to September 30. The company projects a significant improvement in its headline earnings per share (HEPS), estimating a growth rate of 25.5% to 26.5%. This positive outlook is […]<\/p>\n","protected":false},"author":84,"featured_media":86577,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,15668,19],"class_list":["post-86579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-pretoria-portland-cement-ppc-company-limited","tag-zimbabwe"],"yoast_head":"\nPPC Expects Strong Earnings Growth In Six-Month Period - zimbabwe<\/title>\n<meta name=\"description\" content=\"Pretoria Portland Cement (PPC) Company Limited, South Africa\u2019s largest cement manufacturer, has announced positive expec ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PPC Expects Strong Earnings Growth In Six-Month Period\" \/>\n<meta property=\"og:description\" content=\"Pretoria Portland Cement (PPC) Company Limited, South Africa\u2019s largest cement manufacturer, has announced positive expec ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-11T08:38:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-11T12:49:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/11\/sm_1699690528.59112.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"459\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"PPC Expects Strong Earnings Growth In Six-Month Period\",\"datePublished\":\"2023-11-11T08:38:51+00:00\",\"dateModified\":\"2023-11-11T12:49:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period\"},\"wordCount\":272,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/11\/sm_1699690528.59112.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Pretoria Portland Cement (PPC) Company Limited\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ppc-expects-strong-earnings-growth-in-six-month-period\",\"name\":\"PPC Expects Strong Earnings Growth In Six-Month Period - 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