BRIEF-PPC Ltd Sees HY Eps And Heps To Differ By At Least 20%

Nov 16 (Reuters) – PPC Ltd:

* TRADING STATEMENT AND OPERATION UPDATE FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2022

* REMAIN FOCUSED ON MITIGATING INFLATIONARY COST PRESSURES AS MUCH AS POSSIBLE AND BEING PRUDENT IN CAPITAL ALLOCATION IN THIS BUSINESS

* IN HY GROUP EBITDA DECLINING BY 23% TO R728 MILLION (SEPTEMBER 2021: R945 MILLION)

* EXPECTED HY EPS AND HEPS FOR WILL DIFFER BY AT LEAST 20%

* PPC ZIMBABWE ANTICIPATES A RECOVERY FOR BALANCE OF FINANCIAL YEAR AND OUTLOOK FOR CIMERWA REMAINS POSITIVE

* EPS FOR GROUP, off site optimisation INCLUDING DISCONTINUED OPERATIONS, FOR CURRENT PERIOD IS EXPECTED TO BE A LOSS OF BETWEEN 7 CENTS AND 11 CENTS PER SHARE Source text for Eikon: Further company coverage:


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