PPC Zimbabwe cement sales increase 18%
PPC Zimbabwe reported an 18% rise in cement sales volumes, contributing to a 14.3% increase in revenue to ZAR 3.56 billion ($215 million) for the year ended 31 March 2026. The subsidiary paid a record $36 million dividend to parent company PPC Limited (JSE: PPC), nearly three times the $13 million distributed the previous year, reflecting its growing contribution to group earnings. Strong sales, improved profitability and robust cash generation underpinned the payout, with PP
PPC Zimbabwe has announced an 18% surge in its cement sales volumes for the fiscal year ending March 31, 2026. This significant growth contributed to a 14.3% rise in the subsidiary's revenue, reaching ZAR 3.56 billion. The company also distributed a record $36 million dividend to its parent, PPC Limited, a substantial increase from the previous year's $13 million.
This strong performance, characterized by improved profitability and cash generation, has positioned PPC Zimbabwe as a leading operation within the group. The subsidiary maintained a debt-free financial standing and robust liquidity, with cash holdings increasing to ZAR 139 million, predominantly in hard currencies. The company's CEO highlighted the results as evidence of the value generated by efficient management, noting an expansion in EBITDA margin despite challenging market conditions.
The strong performance of PPC Zimbabwe underscores the company's successful operational strategies and its significant contribution to the parent group's overall financial health and shareholder returns.
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