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…
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.