PPC’s share rises in spite of errors in 2019 results
PPC says its investment in Ethiopia’s Habesha Cement should have been fully written down in its year to end-March 2019
PPC says its investment in Ethiopia’s Habesha Cement should have been fully written down in its year to end-March 2019
By Frontier Africa Reports
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August 19, 2020 at 5:33 PM GMT+1
Cement maker PPC said on Tuesday it had identified errors in its results to end-March 2019 that resulted in an increase in headline earnings per share (HEPS).
The group is in the midst of a restructuring and refinancing programme that may see it pursue tapping shareholders for a figure approaching its R1.3bn market capitalisation.