KAZAKHSTAN - Steppe Cement shares financial report

KAZAKHSTAN - Steppe Cement shares financial report
In 2019, Steppe Cement posted a net profit of US$9.7 million. Steppe Cement's EBITDA increased to US$23.9 million from US$21.4 million in 2018 as higher prices in KZT, lower cost of production and the implementation of IFRS 16 were balanced by a devaluation of 11%.

PAKISTAN - Fauji Cement posts first loss in 8 years

  • 21 April 2020
  • Author: Jon Shelbourne
  • Number of views: 461
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PAKISTAN - Fauji Cement posts first loss in 8 years

Fauji Cement Company registered its first quarterly loss in the past eight years. According to a company notice sent to the Pakistan Stock Exchange (PSX), it posted a loss of Rs210 million for the quarter ended March 31, 2020 compared with profit of Rs616 million in the same period of last year.

RUSSIA - SLK Cement supplies cement for coronavirus hospital

  • 21 April 2020
  • Author: Jon Shelbourne
  • Number of views: 590
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RUSSIA - SLK Cement supplies cement for coronavirus hospital

Buzzi Unicem subsidiary SKL Cement has supplied 400t of cement to the site of an upcoming coronavirus hospital in Omsk, Omsk Oblast. SLK Cement CEO Andrei Immoreev said, “In a difficult time for the whole world, our company continues to work to provide cement for construction sites of regional and federal facilities,” according to AMF News.

INDIA - Gujarat Sidhee Cement Ltd Board approves interim dividend of Rs. 1 for 2019-20

  • 17 April 2020
  • Author: Jon Shelbourne
  • Number of views: 511
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INDIA - Gujarat Sidhee Cement Ltd Board approves interim dividend of Rs. 1 for 2019-20

The board of directors of Gujarat Sidhee Cement Ltd at its meeting held today has approved the declaration of Interim Dividend of Re. 1 (Rupee one only) per share on 8,74,25,389 equity shares of Rs.10/- each fully paid up for the period ended 31% December, 2019.

NIGERIA - Dangote Cement N100bn bond excites market stakeholders

  • 17 April 2020
  • Author: Jon Shelbourne
  • Number of views: 487
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NIGERIA - Dangote Cement N100bn bond excites market stakeholders

The N100 billion bond being raised by Dangote Cement Plc is exciting some capital market stakeholders, as they have said it helped in broadening investment options in the fixed income market.

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