PPC Zimbabwe pays US$13 million dividend

The positive outlook comes as PPC Zimbabwe increasingly becomes an important hard-currency generator for the group, with foreign currency sales accounting for 99 percent of total sales up from 84 percent in the prior year.

PPC says its Zimbabwe operations increased its year-to-date dividend payout to US$13 million, up from US$11 million in the comparable period, driven by a surge in free cash flow generation.The cement producer said PPC Zimbabwe reported a nine percent decline in volumes during the period to January 31, 2025, mirroring the trend seen at the…

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