Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Despite the sluggish local demand (-1.3% to 7.337 MT in H1 2015), the Italcementi’s Moroccan subsidiary announced positive results. CIMAR’s H1 2015 revenues increased by 7.9% to MAD1.929bn thanks to a favourable price effect, as H1 2015 sales volumes were down 0.4%. According to the management, CIMAR's significant increase (+27%, yoy) was made possible by Building Prod & Materials important sales volumes (ready-mix and aggregates). CIMAR’s H1 2015 EBITDA increased 6.7% to MAD802M, i.e.
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