CCC Reports a 180% growth in second quarter net profit to $605.80 Million
Total revenue grew by 3% amounting to $4.09 billion, up from $3.98 billion reported a year ago. According to the company, “this was netted with the drawdown of clinker and cement valuing $480 million when compared to the same quarter in 2016. Repairs and maintenance was $36 million as a result of routine maintenance of cement mill #5 and the existing coal mill.” Earnings before interest, tax, depreciation & amortization (EBITDA) amounted to $684.34 million, a decline of 36% relative to $1.07 billion for the prior year’s corresponding period. CCC noted this, “resulted from the same impact of the stock
SIL reported a 32% decline in Net Profit for six months ended June 2017
Sterling Investment Limited (SIL) reported a 26% decline in Total Revenue to $62.10 million compared to $83.61 million in 2016, while for the second quarter total revenue was down 46% to total $29.65 million relative to $54.87 for the previous quarter. Interest Income closed the period at $37.92 million, up from $37.38 million for the comparable period in 2016, this was a 1% increase. Gain on disposal of available for sale securities amounted to $21.42 million, an increase of 337% compared to gains of $4.90 million for the corresponding period in 2016. According to SIL, “this was primarily due
Daily Market Summary- July 25, 2017
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