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Good cash generation continues | Interim dividend of 35 cents per share declared | Continuing efforts to reduce costs | Rate of decline in cement demand slowing
 
   
     
 
Paul Stuiver, CEO, said: “The results are a reflection of the difficult business environment in the local building and construction industry. The first half of our financial year has been impacted by lower cement demand, pressure on selling prices and considerable input cost inflation. Apart from our usual focus on operational costs and efficiencies, we have taken steps to curb overhead expenditure. The company remains in a strong cash generative position and is poised to benefit from a recovery in cement demand.”
 

Pretoria Portland Cement Company Limited

(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE code: PPC JSE      ISIN: ZAE000125886      ZSE code: PPC ZSE      ISIN: ZWE000096475

Directors

BL Sibiya (Chairman), P Stuiver* (Chief executive officer), S Abdul Kader, P Esterhuysen, SG Helepi, ZJ Kganyago, AJ Lamprecht, NB Langa-Royds, MP Malungani, B Modise, TDA Ross, J Shibambo, JS Vilakazi   *Dutch

Registered office

180 Katherine Street, Sandton
South Africa
(PO Box 787416, Sandton, 2146
South Africa)

Transfer secretaries

Link Market Services SA (Pty) Limited
Rennie House, 13th Floor,
19 Ameshoff Street, Braamfontein
(PO Box 4844, Johannesburg, 2000
South Africa)

Transfer secretaries: Zimbabwe

Corpserve (Private) Limited
4th Floor, Intermarket Centre
Corner First Street/Kwame Nkrumah Avenue
Harare, Zimbabwe
(PO Box 2208, Harare, Zimbabwe)

 

Disclaimer

This document including, without limitation, those statements concerning the demand outlook, PPC’s expansion projects and its capital resources and expenditure, contain certain forward-looking views. By their nature, forward-looking statements involve risk and uncertainty and although PPC believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government action and business and operational risk management. While PPC takes reasonable care to ensure the accuracy of the information presented, PPC accepts no responsibility for any consequential, indirect, special or incidental damages, whether foreseeable or unforeseeable, based on claims arising out of misrepresentation or negligence arising in connection with a forward-looking statement. This document is not intended to contain any profit forecasts or profit estimates.

 

These results and other information are available on our website: www.ppc.co.za