PPC – 1H FY25 Results

Key message: A major strategic overhaul should boost efficiencies and margins and lower costs. PPC released 1H FY25 results. HEPS increased 10% to 22c on a 4.2% and 1% decline in revenue and EBITDA respectively. A special dividend of 33.5c (65% of the proceeds of the...

Afrimat – 1H FY25 Results

Key message: A better 2H is expected after a weak 1H. Afrimat will look to consolidate the Lafarge acquisition and should benefit from improved iron ore sales and anthracite performance. Afrimat released 1H FY25 results, with HEPS declining 80% to 53c on a 44.3%...