SA's biggest cement-maker, PPC, says surging costs prompted a dip in core profit for its year to end-March, when demand showed signs of normalising from the prior year's high base.
Group revenue increased 11% to R9.88bn to end-March, or 5% when excluding hyperinflation-hit Zimbabwe, while group core profit slipped 6.6% to R1.49bn, it reported on Monday...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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