TCL makes 15 per cent increase in revenue
TCL cement in stock at Pariagh s Hardware Ltd, Chaguanas. Photo by Jeff K Mayers -
Trinidad Cement Limited (TCL) posted a 19 per cent increase in the first quarter of 2021 as compared to last year.
In its consolidated unaudited financial report, TCL said it recorded $493 million in consolidated revenue from continuing operations in the first quarter of 2021 as compared to the first quarter of 2020.
Director Francisco Aguilera Mendoza attributed the increase in cement sales in TT and Jamaica. “The TCL Group’s favourable financial results over the last few quarters, coupled with continuing strength of cement demand in April month to date, led to a more optimistic outlook than previous quarters.
Saurashtra Cement Limited completes acquisition of paint business from Snowcem
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
JSE market summary for week April 26-30
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Business
April 29, 2021
KARACHI: National Bank of Pakistan (NBP) net profit increased to Rs7.708 billion during the quarter ended March 31, 2021, up 87 percent from Rs411.8 billion during the same quarter last year, a bourse filing said on Wednesday.
The EPS clocked in at Rs3.62 during Q1 2021 compared with Rs1.94 during the same quarter in 2020.
“The bank has delivered strong financial results, demonstrating resilience of its business model and efforts of its workforce in serving the nation and working with the government towards swift economic recovery in the country,” the notice said.
Given the significant drop in the policy rate as compared to the same period last year, gross mark-up/interest income was Rs48.5 billion being 33.2 percent lower, YoY, while interest/mark-up expense of the bank dropped by 52.0 percent at Rs26.9 billion.