Carib Cement is reporting one of their BEST quarterly results EVER! ๐๐
โข Profit of J$1.5 Billion in 3 months
โข More than 3 times the amount they made in Jan to Mar last year ๐ฒ
โข Sales up 31%. Company almost hit $6 Billion in sales for the quarter.. a BIG achievement
To be seeing such strong top-line growth.. Worst in these times is impressive
Company says they are
โข seeing increased sales volumes๐
โข managing their costs๐
โข Improving their efficiencies, plus
โข Benefiting from investments made over the last few years
Company also says...
โข Local demand for cement remains STRONG!๐งฑ
โข They expect continued optimism in the construction sector๐ง๐ท
โข There are many govt infrastructure projects
โข Many private development projects
โข Vaccine programme will lead to reopening
... and they are well equipped to meet increasing demand for cement locally!
The ๐ฏ๐ฒ Market is enjoying an IMPRESSIVE RUN๐
Read more to see WHY, and to see what's HOT ๐ฅ right now๐งต
Big Picture ๐ The overall JSE has seen a STRONG rebound and is now up 3% YTD, a big deal for the market, as it has struggled to break positive for most of the year ๐
What happened?
There has been continued momentum over the last few days and weeks
โข The overall market is up 9 days straight... Its most consistent run in a while๐ฅ
โข This was also a BIG week... with the market up 1.44%... almost twice its best weekly performance since Feb
โข This is also the biggest MONTH since a slight recovery started in February