PPC looks to ‘double earnings by 2018’

24 February 2014

PPC CEO Ketso Gordhan says the group’s management is looking at concluding one or two big deals in Africa in a bid to double earnings by 2018, Business Day Live Reports.

The cement manufacturer reported normalised earnings before interest, taxes, depreciation and amortisation of R2.5bn for the year ended September 2013. But Mr Gordhan said “we’d love to have it at about the R5bn mark” by 2018.

This has been part of management’s internal five-year plan since the start of Mr Gordhan’s tenure in January last year.

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