In an operational update issued on March 27, PPC said its overall group revenue increased by 27.6% for the ten-month period. This was driven mainly by continued strong growth in its Zimbabwe operations relative to the low base in the comparable period in 2022. PPC reported that its earnings before interest, taxes, depreciation and amortisation (Ebitda) margins had improved from 9.9% to 13.6% year-on-year. The company blamed this on a timing issue owing to
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