PPC Ltd reported a 66 per cent decline in half-year profit, hit by higher finance costs.
PPC said headline earnings per share (EPS) totalled 14 cents in the six months to end-September, compared with 41 cents a year earlier.
Group cement sales volumes increased by 13 per cent, reflecting the impact of double-digit volume growth in the coastal regions. Group debt reduced to ZAR5.9bn (US$4.17bn) from ZAR9.2bn a year earlier following the receipt of proceeds from a rights issue.
In September, PPC raised ZAR4bn (US$295m) via a rights issue, which was heavily oversubscribed, allowing the company to settle some of its debt.

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