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PPC pays down R1.2bn in debt on the back of strong cash generation

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JSE-listed cement manufacturer PPC has posted a 19% year-on-year improvement in cash available from operations to R1.2-billion for the financial year ended March 31. Together with net proceeds from the sale of noncore assets, PPC was able to pay down R1.2-billion of its debt in the year under review. Its debt now stands at R1-billion.
27 Jun 2022 9AM English South Africa Business News · Investing

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