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PPC flags up to 40% jump in H1 profit

Citing robust performance in Zimbabwe and Rwanda and lower finance costs.
Picture: supplied

South African cement maker PPC Ltd flagged as much as 40% increase in half-year profit on Tuesday, citing robust performance in Zimbabwe and Rwanda and lower finance costs.

PPC, the subject of tie-up approaches from local rival Afrisam and Switzerland’s LafargeHolcim, said headline earnings per share likely rose by between 30 and 40% in the six months ended September.

Headline EPS, the widely used performance measure in South Africa, strips out certain one-off items.

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