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

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. <a href="http://www.kaya959.co.za/">Kaya 959 Website</a>