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Home » PPC’s Capex lags behind forecasts

PPC’s Capex lags behind forecasts

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PPC has reported that its capital expenditure for the current fiscal year is trailing behind forecasts due to a delay in the completion of the fly ash project at its Zimbabwean unit.

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The company’s capex guidance for the full year ending March 31, 2024 (FY 2024) stands at R600 million. The implementation of the fly ash project is expected to significantly boost market share and profitability for the local unit.

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