PPC earnings seen 35%-40% lower

Posted On Wednesday, 20 April 2011 02:00 Published by Commercial Property News
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PPC has advised that its earnings per share and headline earnings per share for the 6 months ended March 2011 are expected to be between 35% and 40% lower.

Paul Stuiver PPC

Pretoria Portland Cement (PPC) advised on Wednesday that its earnings per share and headline earnings per share for the six months ended March 2011 are expected to be between 35% and 40% lower compared to the previous corresponding period.

The company said the decrease was mainly attributable to the negative impact of a challenging business environment on sales volumes, selling prices and input costs across all its operations.

The company previously advised in a trading statement on 22 March that its financial results for the six months ended March 2011 would decrease by more than 30%.

PPC will release its interim results on 17 May.

Last modified on Friday, 28 June 2013 00:22

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