PPC expects half-year earnings to rise, South Africa

PPC expects half-year earnings to rise, South Africa
Published: 26 April 2010

Pretoria Portland Cement (PPC) on Friday said it expected its earnings a share (EPS) and its headline earnings a share for the first-half of the 2010 financial year to be between 450% and 470% higher than that of the first-half of the previous financial year.



The company reminded shareholders that the six months ended March 31, 2009, had included a R487-million International Financial Reporting Standards 2 (IFRS 2) charge related to PPC’s broad-based black economic-empowerment deal.



The cement producer noted that its 2010 first-half EPS and HEPS would likely be between 5% and 15% higher than that of the 2009 first-half if the IFRS 2 charge was excluded.

The company’s interim results would be published on May 11