Sales revenues fell 17,8% y-o-y in 1Q 2020/21 due to decreases in the international price of aluminum and foreign markets shipments; driving the operating margin to fall from 6% to 3%. Net result amounted AR$-552,4 million, nevertheless improving in relation to the AR$-4.048,9 million registered in 1Q 2019/20 due to a lower financial results loss as a consequence of a smaller devaluation impact in the current period. Regarding the production process, the company has begun the reactivation of ...
Aluar disclosed lower than expected results led by negative financial result, lower aluminum price and demand, accentuated by the global pandemic. Net result amounted AR$-3.383,5 million in FY 2019/20, affected by negative financial result driven by the Argentine Peso devaluation and its impact on the liability position in foreign currency, and by a lower operating result (with a margin reduction from 13% to 6%). Sales revenues fell 12.3% due to the decline in the international price of alumi...
Bulls Lose The Upper Hand, Consolidation Likely Steep uptrends have been violated this week on several of the broad global indexes (notably the MSCI ACWI, ACWI ex-US, and EM indexes). As a result we are making a tactical shift to a neutral outlook as we believe consolidation is likely near-term as the market goes through a corrective phase -- potentially something similar to what the market experienced between June and early-July. · Index Overviews. As noted above, short-term uptrends...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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