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Investment Idea: PPC - 22 July 2024
Manage episode 430559997 series 3581049
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This report highlights that PPC declares its first dividend in nine years as the cement producer returns to profitability.
- Management’s shake-up with the new group CEO Matias Cardarelli has strengthened the Executive Committee (Exco) with several new roles to improve the profitability and sustainable return on capital in South Africa.
- International businesses were resilient, but South Africa and Botswana are experiencing challenges in a competitive market.
- PPC declares a dividend of 13.7 cents per share
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
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