PPC lifts earnings

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17-05-2012
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Fin24
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Johannesburg - Pretoria Portland Cement [JSE:PPC] has reported an 8% rise in headline earnings per share to 77.6 cents for the six months ended March 2012 from 7.8 cents a year ago.

Cement sales volumes declined 3% for the period under review, mainly as a result of weak demand in the Western Cape and Botswana markets. However, group revenue increased by 8% to R3.529bn as a result of favourable pricing on cement and lime products.

An interim dividend of 38 cents per share was declared, a 9% increase over a year ago.

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