by Rowan Goeller | May 5, 2023 | Construction and Basic Materials
Key message: Difficult trading environment affects revenue and lowers margins from post-Covid DIY/building market boom period. Cashbuild recently released 1H FY23 results. HEPS declined 39% to 694c on a 4% and 47% decline in revenue and operating profit respectively....
by Rowan Goeller | May 5, 2023 | Construction and Basic Materials
Key message: Cement imports were down 31% in CY22, although port disruptions and a weak currency likely are having an impact. Import protection from government now appears unlikely. July to December 2022 saw imports of 348kt, down 25% from the same period in 2021....
by Rowan Goeller | Mar 24, 2023 | Construction and Basic Materials
Key message: Cement imports were down 31% in CY22, although port disruptions and a weak currency likely are having an impact. Import protection from government now appears unlikely. July to December 2022 saw imports of 348kt, down 25% from the same period in 2021....
by Rowan Goeller | Mar 17, 2023 | Construction and Basic Materials
Key message: Despite a weak SA cement market, dividends from Zimbabwe and Rwanda allow PPC to look at resuming distributions to shareholders. PPC hosted a Capital Markets Day and provided an operational update for the 12 months to March 2023. Cement South Africa and...
