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Labrish
Nyuuz
Debt-Free PPC Zimbabwe Is Rolling in Cash
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[QUOTE="Munyaradzi Mafaro, post: 41939, member: 636"] PPC Zimbabwe finished March 2025 with no debt and cash reserves of R118 million. The cement company held nearly three times more money than the previous year when cash totaled R40 million. Most of the company funds stay stored as hard currencies rather than local money. The business paid shareholders US$13 million compared to US$11 million the year before. Cement sales dropped 5.5 percent during the twelve-month period. Revenue fell to R3.122 billion from R3.346 billion the previous year. Company leaders cut costs across all departments to maintain profits. Production costs decreased R392 million and administrative expenses dropped R46 million. The factory made more cement locally instead of buying materials from other countries. Profit margins improved significantly despite lower sales volumes. Earnings before taxes reached a record R849 million compared to R675 million previously. The profit margin climbed from 20.2 percent to 27.2 percent during the reporting period. Equipment repairs at the main plant required R147 million in spending. Two kiln shutdowns happened during the year for maintenance work. [/QUOTE]
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Nyuuz
Debt-Free PPC Zimbabwe Is Rolling in Cash
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