Cement producer PPC reports 2.4bn FY loss
October 9, 2020
Cement maker PPC saw a decline in its financial performance, for the year ended March, reporting a full-year loss of R2.4 billion. This was weighed down by difficult trading conditions even before Covid-19. The pandemic, which emerged during the last month of the financial year, made the situation even worse. The group – that is in the middle of a restructuring programme – has not declared a dividend. PPC CEO, Roland Van Wijnen joins CNBC Africa for more.
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