UAE - Sharjah Cement turns to losses in Q1-20

UAE - Sharjah Cement turns to losses in Q1-20
Sharjah Cement and Industrial Development Company reported a net loss of AED 9.3 million during the first quarter (Q1) of 2020, versus AED 802,000 in net profits for the same period of 2019.

NIGERIA - BUA Cement revenue up 25.1%

NIGERIA - BUA Cement revenue up 25.1%
BUA Cement Plc yesterday announced a 25.1% increase, amounting to N54 billion in revenue for the first quarter ended March 31, 2020.

PAKISTAN - Cement sector urges govt to reduce sales tax to 15% in budget

  • 28 April 2020
  • Author: Jon Shelbourne
  • Number of views: 669
  • 0 Comments
PAKISTAN - Cement sector urges govt to reduce sales tax to 15% in budget

The country’s cement sector which incurred heavy losses in the 3QFY20 has urged the government to reduce the federal sales tax from 17pc to 15pc in the upcoming federal budget.

USA - Lehigh to enact temporary layoffs at Glens Falls

  • 17 April 2020
  • Author: Jon Shelbourne
  • Number of views: 583
  • 0 Comments
USA - Lehigh to enact temporary layoffs at Glens Falls

Lehigh Cement has laid off 54 of its 90 employees at its Glen Falls plant, New York state, USA, in the wake of a construction slowdown attributed to the spread of COVID-19.

NIGERIA - Dangote Cement Woos Investors With N100bn Issue

NIGERIA - Dangote Cement Woos Investors With N100bn Issue

Dangote Cement Plc, Africa’s leading cement manufacturer, is seeking to raise up to N100 billion in fresh funds from the bond market, under its N300 billion Debt Issuance Programme.

RSS
123