SA's biggest cement maker PPC reports lower sales in its largest regions by revenue

GUEST - Roland van Wijnen – PPC CEO<br /> <br /> SA's biggest cement maker PPC said on Monday its full-year loss widened in its year to end-March, hit by volume declines in its key markets of SA and Zimbabwe. Revenue, excluding dividends, increased 1% to R6.58 billion, with the company reporting a loss of R574 million, from R77 million previously.<br /> <br /> The company was hit by R195 million in non-cash items, primarily relating to hyperinflationary accounting. Consumer inflation in Zimbabwe trended at triple digits for much of the year and reached 244% in December, according to the World Bank. <a href="http://www.kayafm.co.za/">Kaya FM </a>