Pretoria Portland Cement warns of profit slump, South Africa
South Africa’s leading cement producer, 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 per cent 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 per cent.
PPC will release its interim results on 17 May.
Published under Cement News
