PPC shares fall
Shares of South Africa's Pretoria Portland Cement fall 1.7 percent to 23.25 rand, under performing a 0.8 percent firmer All-share index.
The cement maker says it expects full-year profit to fall by 25 to 30 percent, hurt by weak demand in South Africa's Western Cape Province.
The company also says pricing environment remains competitive and it continues to battle higher input costs.
PPC says it will report full-year results on or around Nov. 8.
PEOPLE WHO READ THIS ALSO READ THESE
Email to a friend
Print version
Resilient Property Income Fund snaps up Jubilee Mall for R975m
Retail-focused, Resilient Property Income Fund on Tuesday concluded agreements to acquire Jubilee Mall in Hammanskraal north of Pretoria from NAD Property Income Fund, on a purchase price of R975 million. ... Full story