by Rowan Goeller | Jun 13, 2025 | Construction and Basic Materials
Key message: A remarkable operational turnaround has boosted EBITDA margins despite a weak cement market. PPC released FY25 results. HEPS increased 110% to 40c on a 1.9% decline in revenue and 28% increase in EBITDA. An ordinary divided on 17.6c was declared to add to...
by Rowan Goeller | May 29, 2025 | Construction and Basic Materials
Key message: With Bankenveld adding to the development pipeline,Calgro has secured many years of steady organic growth. ◼ Calgro released FY25 results. HEPS declined 9% to 171.36c on a 33%decline in revenue (construction activities were slowed down in 1H as...
by Rowan Goeller | May 16, 2025 | Construction and Basic Materials
Key message: A weak result but a better performance is expected in FY26. Afrimat released FY25 results, with HEPS declining 78% to 71.4c on a 36.7% increase in revenue and 59% decline in operating profit. The operating margin declined to 5.7% (from 18.9%) largely due...
by Rowan Goeller | Mar 28, 2025 | Construction and Basic Materials
Key message: A bold defensive move to build a new 1.5mtpa integrated cement plant in the W Cape to retain control of the region. PPC held a Capital Markets Day. Along with the Trading Update released earlier in the month PPC is showing a more commercial focus with...
