PPC Limited says an overall reduction in the group’s administration and other operating expenditure in South Africa and Botswana partially offset the weaker performance in Zimbabwean operations (PPC Zim).
In its trading update for the six months to September 30,2024 the group said it however expects its earnings per share to be between 11 percent and 31 percent higher than the prior period.
The group also attributed the growth in EPS to increased investment income due to higher average cash balances in the current period and a non-recurrence of a pre-tax R53 million impairment in the prior period.