Investment Idea: PPC - 22 July 2024

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

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