PPC profit up 28 percent

PPC, which has been producing cement for the last 118 years and has been listed in Johannesburg for a century, said yesterday headline earnings per share (EPS) for the year to end-September rose to 217c, within its forecast range of a 20 percent to 30 percent increase.

Headline EPS is the main gauge of earnings in South Africa and strips out certain one-time and financial items.
The group, which supplies cement to infrastructure projects such as Eskom's Medupi power station, said revenue rose marginally to R6,8-billion, versus R6,7-billion a year earlier.