Pretoria Portland Cement Company Limited - Trading
PPC
PPC
Pretoria Portland Cement Company Limited - Trading Statement
Pretoria Portland Cement Company Limited
(Incorporated in the Republic of South Africa)
(Company registration number 1892/000667/06)
JSE code: PPC
ISIN: ZAE000005559
TRADING STATEMENT
Trading conditions in the second half of this financial year have continued to
be favourable with cement sales volumes growing ahead of expectations. All
production facilities including the re-commissioned Jupiter kiln have been in
operation since May 2006 and running at high utilisation levels.
These improved trading conditions, are expected to result in both headline
earnings per share and earnings per share to 30 September 2006 being between 25%
and 35% higher than last year. Operating cash flow for the period has remained
strong.
Whilst this performance is pleasing, cement sales volume growth over the next
two years will be muted as we should operate at full capacity. The potential
increase in cement sales volumes in the year ahead will be limited to about 300
000 tons derived mainly from the incremental output of the Jupiter plant.
The continued demand growth has accelerated PPC capacity expansion and plant
modernisation plans and accordingly shareholders are advised that the higher
levels of capital investment will impact on the declaration of special dividends
over the next few years.
This financial information has not been reviewed or reported on by PPC"s
auditors. The audited results are expected to be released on or about 08
November 2006.
Sandton
19 September 2006
Sponsor
J.P.Morgan Equities Limited
Date: 20/09/2006 02:20:06 PM Produced by the JSE SENS Department
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