CEMENT company PPC has reported a 20,6 percent year-on-year increase in revenue to about R10-billion for the financial year ended March 31, compared with the R8,3-billion in revenue reported for the prior financial year.
At the release of its financial results, on June 24, the company said this growth was primarily driven by the company’s performance in Zimbabwe.
However, PPC CEO Matias Cardarelli told Engineering News that a unique set of once-off circumstances led to the strong Zimbabwe performance and that it was likely to repeat in future.