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"PPC Zimbabwe's local and export cement sales increased to 35,000 tons per month compared to 10,000 tons per month during the same period last year"
JSE listed cement producer Pretoria Portland Cement (PPC) has reported a significant surge in administration and operating expenditures, mainly attributable to the consolidation of PPC Zimbabwe's overheads.However, PPC CEO Paul Stuiver said the contributions from the Zimbabwean cement operations had improved.
The costs were also buoyed by SAP ERP implementation and increased spending on cement marketing initiatives.
CEO Paul Stuiver said "PPC has produced a good set of results by increasing revenue, profitability and operating cash flow in a difficult economic environment. While the contributions from our Zimbabwean cement operations and the Lime and Aggregates divisions improved significantly.”
PPC Zimbabwe's local and export cement sales increased to 35,000 tons per month compared to 10,000 tons per month during the same period last year. Operating conditions were still hampered by numerous electricity load shedding interruptions.
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