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PPC Ltd (PPCJ.J)

PPCJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PPC's HY HEPS Of 21 Cents; CEO Johan Claassen To Retire
Friday, 23 Nov 2018 

Nov 23 (Reuters) - PPC Ltd ::HY GROUP REVENUE INCREASED 8% TO R5,6 BILLION.HY HEADLINE EARNINGS PER SHARE INCREASED 11% TO 21 CENTS.HY TOTAL CEMENT VOLUMES INCREASING BY 4% TO APPROXIMATELY 3,1 MILLION TONNES.DIFFICULT TRADING CONDITIONS IN SOUTH AFRICA ARE EXPECTED TO PERSIST IN SECOND HALF OF FINANCIAL YEAR.IN RWANDA, CIMERWA IS EXPECTED TO PRODUCE AN IMPROVED PERFORMANCE IN SECOND HALF OF FINANCIAL YEAR.ZIMBABWE IS EXPECTED TO DELIVER A STEADY PERFORMANCE IN H2, SUPPORTED BY ROBUST DEMAND AND AN IMPROVED POLITICAL ENVIRONMENT.JOHAN CLAASSEN EXPRESSED AN INTEREST TO TAKE EARLY RETIREMENT.BOARD HAS INITIATED A PROCESS TO FIND A NEW CEO.JOHAN CLAASSEN IS FULLY COMMITTED TO ROLE OF CEO UNTIL SUCH TIME AS A NEW CEO IS FOUND.  Full Article

PPC Ltd Says Capital Requirements For PPC Barnet Will Be Limited To Interest Payments From Jan 2018 To Jan 2020​‍​
Friday, 19 Jan 2018 

Jan 19 (Reuters) - PPC Ltd :‍​:‍UPDATE ON GROUP LIQUIDITY: PPC BARNET DRC DEBT RESCHEDULING​.HAS BEEN ABLE TO IMPROVE GROUP'S LIQUIDITY POSITION BY FINALISING A CAPITAL REPAYMENT MORATORIUM WITH FUNDERS OF PPC'S DRC OPERATION.‍TOTAL CAPITAL REQUIREMENTS FOR PPC BARNET DRC WILL BE LIMITED TO INTEREST PAYMENTS FROM JANUARY 2018 UP TO JANUARY 2020​.‍PPC BARNET DRC WILL CONTINUE TO MAKE INTEREST PAYMENTS DURING 2 YEAR CAPITAL REPAYMENT MORATORIUM​.  Full Article

Fairfax drops out of bidding for South African cement maker PPC
Monday, 11 Dec 2017 

Dec 11 (Reuters) - PPC Ltd ::NOTIFICATION OF WITHDRAWAL OF FAIRFAX PARTIAL OFFER AND FURTHER CAUTIONARY ANNOUNCEMENT.ON 8 DECEMBER 2017, INDEPENDENT BOARD RECEIVED FAIRFAX'S FORMAL NOTIFICATION THAT IT WILL NOT PROCEED WITH PARTIAL OFFER.PPC LTD BOARD CONTINUES TO ENGAGE WITH LAFARGEHOLCIM IN RESPECT OF ITS APPROACH.  Full Article

PPC Ltd says HY HEPS up 36 pct to 19 cents​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - PPC LTD ::‍HY GROUP REVENUE INCREASED BY 1% TO R5,2 BILLION​.HY ‍GROUP EBITDA GREW BY 4% TO R1,2 BILLION​.‍HY ATTRIBUTABLE NET PROFIT UP 188% TO R294 MILLION​.‍HY EARNINGS PER SHARE UP 54% TO 20 CENTS​.‍NET DEBT DECLINED FROM R4,7 BILLION IN MARCH 2017 TO R4,4 BILLION​.HY ‍GROUP EBITDA GREW BY 4% TO R1 193 MILLION​.HY HEADLINE EARNINGS PER SHARE ROSE BY 36% TO 19 CENTS​.  Full Article

PPC Ltd sees HY HEPS between 18 cents and 20 cents
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - PPC Ltd ::‍HY GROUP EBITDA IS EXPECTED TO INCREASE BY 3% - 6% COMPARED WITH PREVIOUS PERIOD​.‍HEADLINE EARNINGS PER SHARE ARE EXPECTED TO RISE BY BETWEEN 30% AND 40% (BETWEEN 18 CENTS AND 20 CENTS) FOR 6 MONTHS ENDED 30 SEPTEMBER 2017​.‍HY NET PROFIT ATTRIBUTABLE TO PPC SHAREHOLDERS IS EXPECTED TO INCREASE BY 180% - 200%.  Full Article

UPDATE 2-Cement maker PPC seeks CEO as Claassen to retire

JOHANNESBURG, Nov 23 South African cement producer PPC reported an 11 percent increase in half-year profit on Friday and said it is seeking a successor to CEO Johan Claassen who wants to retire.