PPC annual earnings rise on cost saving initiatives

PPC reported a 33% increase in annual earnings on Thursday.
Image: Moneyweb

PPC reported a 33% increase in annual earnings on Thursday, buoyed by a reduction of group overhead costs and other saving initiatives.

PPC, which operates in six African countries, said its headline earnings per share (EPS) for the full year ended March 2019 increased to 20 cents from 15 cents a year earlier.

The company had initially scheduled to release its results on Wednesday, but they were delayed by its auditors who were still assessing fair value adjustments of the firm’s Zimbabwean financial assets.

Headline EPS is the main profit measure in South Africa that strips out certain one-off items.

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   0

You must be signed in to comment.

SIGN IN SIGN UP

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: