PPC reports 12% decline in revenue for Zim operations

SOUTH African cement maker, PPC Limited, has reported a 12% decline in revenue from its Zimbabwe operations during the 10 months ended January 31, 2025, owing to the strengthening of the rand.

In a trading update for the 10 months ended January 31, 2025, PPC revealed that local volumes declined 9% in the current period, consistent with the 9% decline at the half-year.

The period under review was negatively affected by the volatile ZiG currency which eroded consumer and household incomes.

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