Calendar year – Happy New Year 2016 Quotes http://happynewyear2016-quotes.com/ Tue, 20 Jul 2021 17:51:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://happynewyear2016-quotes.com/wp-content/uploads/2021/07/icon-2021-07-02T232133.592.png Calendar year – Happy New Year 2016 Quotes http://happynewyear2016-quotes.com/ 32 32 ACC valuations to benefit from June quarter earnings https://happynewyear2016-quotes.com/acc-valuations-to-benefit-from-june-quarter-earnings/ https://happynewyear2016-quotes.com/acc-valuations-to-benefit-from-june-quarter-earnings/#respond Tue, 20 Jul 2021 17:42:33 +0000 https://happynewyear2016-quotes.com/acc-valuations-to-benefit-from-june-quarter-earnings/ Cement giant ACC Ltd reported an exceptional operating performance in the June quarter, pushing its share up 7% on Tuesday. Higher than expected achievements and tight cost control measures were among the main positive lessons for investors in this stock. Average achievement per tonne increased by approximately 7.5% on a sequential basis, exceeding expectations of […]]]>

Cement giant ACC Ltd reported an exceptional operating performance in the June quarter, pushing its share up 7% on Tuesday.

Higher than expected achievements and tight cost control measures were among the main positive lessons for investors in this stock. Average achievement per tonne increased by approximately 7.5% on a sequential basis, exceeding expectations of approximately 5% growth. The outperformance on the achievements front was driven by high cement prices in key ACC markets in North and Central India, higher sales of premium products and lower discounts. A favorable energy mix, efficient logistics and various profitability measures within the framework of the Parvat project have made it possible to contain a sharp increase in operating costs.

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The CCA tracks the calendar year as its fiscal year

Therefore, ACC’s EBITDA of 875 crore for Q2CY21 topped Bloomberg analysts consensus estimate of 720 crores. EBITDA is the abbreviation of earnings before interest, taxes, depreciation and amortization. The CCA tracks the calendar year as its fiscal year. On a per tonne basis, EBITDA was approximately 1,280 per tonne, which analysts say is the highest in a decade. Analysts at Jefferies India Pvt. Ltd said ACC’s EBITDA on a two-year CAGR basis was up 6%. CAGR stands for compound annual growth rate. As for volumes, they increased by 43% year-on-year to 6.84 million tonnes thanks to a favorable base. However, it went down around 14% sequentially.

Analysts said the sequential drop in volumes despite the second wave of covid and a lean season is less than previously feared. Strong earnings performance in a seasonally weak quarter bodes well for its valuations.

The ACC stock trades at a one-year EV / Ebitda futures around 10 times. EV stands for enterprise value. Peers Shree Cements Ltd and UltraTech Cement Ltd are trading at a valuation multiple of 16x and 13x, respectively, according to Bloomberg data. “VAC’s valuation gap to its peers has widened by about 25% over the past three to four months, and the pace of the second quarter should help close some of the gap,” Emkay Global Financial Services Ltd. analysts said.

ACC has lagged behind other Pan-Indian cement plants due to its capacity constraints. The company has launched the project to expand the capacity of its Ametha unit in Madhya Pradesh. Its waste heat recovery projects in Jamul and Kymore are on track and should be commissioned by Q2CY22. Analysts hope the overhang of capacity constraints will soon be behind the company.

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Whit’s Obtains Board Approval for Patio Concept for New Granville Location https://happynewyear2016-quotes.com/whits-obtains-board-approval-for-patio-concept-for-new-granville-location/ https://happynewyear2016-quotes.com/whits-obtains-board-approval-for-patio-concept-for-new-granville-location/#respond Fri, 16 Jul 2021 09:20:15 +0000 https://happynewyear2016-quotes.com/whits-obtains-board-approval-for-patio-concept-for-new-granville-location/ Whit’s Frozen Custard recently received approval from Granville City Council for a paved patio and walkway in front of its new location at 266 E. Broadway. See also: Granville Kiwanis thanks everyone who made the 4th of July weekend a success The space is intended to serve as a cafe and patio space for Whit’s […]]]>

Whit’s Frozen Custard recently received approval from Granville City Council for a paved patio and walkway in front of its new location at 266 E. Broadway.

See also: Granville Kiwanis thanks everyone who made the 4th of July weekend a success

The space is intended to serve as a cafe and patio space for Whit’s as it moves a little further east to the north side of Broadway.

Whit’s is currently located at 138 E. Broadway.

The patio at the new location would feature seating consisting of four four-tray tables, with more seating possible on an adjacent porch of the structure, and other seating available inside.

There was some question as to whether the tables could be placed on the front area without paving stones, but the owners pointed out that the area to be used for seating is currently mulch and shrubs with very little grass.

They also pointed out that their clientele brings in parents with young children, strollers and elderly customers, calling for a smoother and safer surface to navigate, and chairs would be difficult to get in and out of on an unpaved surface. .


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June 2021 Jobs Report: US Creates 850,000 Robust Jobs As Hires Bounce Back https://happynewyear2016-quotes.com/june-2021-jobs-report-us-creates-850000-robust-jobs-as-hires-bounce-back/ https://happynewyear2016-quotes.com/june-2021-jobs-report-us-creates-850000-robust-jobs-as-hires-bounce-back/#respond Fri, 02 Jul 2021 15:07:42 +0000 https://happynewyear2016-quotes.com/june-2021-jobs-report-us-creates-850000-robust-jobs-as-hires-bounce-back/ WASHINGTON – In an encouraging wave of hiring, U.S. employers created 850,000 jobs in June, well above the previous three-month average and a sign that companies may have an easier time finding enough workers to fill vacant positions. Friday’s Labor Department report was the latest sign that the reopening of the economy is propelling a […]]]>
WASHINGTON – In an encouraging wave of hiring, U.S. employers created 850,000 jobs in June, well above the previous three-month average and a sign that companies may have an easier time finding enough workers to fill vacant positions.

Friday’s Labor Department report was the latest sign that the reopening of the economy is propelling a powerful rebound from the pandemic recession. Restaurant traffic across the country is almost back to pre-pandemic levels, and more people are shopping, traveling, and attending sporting and entertainment events. The number of people flying each day has returned to about 80% of its pre-COVID-19 levels. And Americans’ confidence in the economic outlook has almost fully recovered.

The result is that many companies are desperate to hire and have posted a record number of jobs. With increased competition for workers, especially in restaurants and tourist and entertainment venues, employers are offering higher wages, along with signing and retention bonuses and more flexible hours. The proportion of jobs that promise a bonus has more than doubled in the past year, the employment website Indeed found.

The unemployment rate fell from 5.8% in May to 5.9% in June, according to the report. Despite the steady improvement in the labor market, unemployment remains well above the 3.5% rate that prevailed before the pandemic, and the economy remains at 6.8 million jobs below its level. before the pandemic.

But unemployment fell from 14.8% in April last year, just after the coronavirus outbreak and tens of millions of layoffs triggered.

The number of advertised jobs reached 9.3 million in April, the highest in 20 years of data, according to the Labor Department. The employment website Indeed said that job postings have since increased further.

A temporary federal unemployment benefit of $ 300 per week, in addition to regular state unemployment assistance, may allow some people to be more selective in finding and taking employment. About half of the states plan to stop paying the supplement by the end of July, which supporters say is an effort to get more unemployed people looking for work.

On Thursday, the government reported that the number of people applying for unemployment assistance last week fell to 364,000, the lowest level since the start of the pandemic.

There are also signs that people are re-evaluating their work and personal lives and are not necessarily interested in returning to their old jobs, especially those that offer modest wages. The proportion of Americans who left their jobs in April reached its highest level in more than 20 years.

Almost 6% of workers in an industrial category that includes restaurants, hotels, casinos and amusement parks left their jobs in April, twice the proportion of workers in all industries who did. made.

The growing number of people leaving their jobs, often for higher paying positions, means that even employers who have hired can struggle to maintain sufficient staffing levels.

A survey of manufacturers in June revealed numerous complaints among factory executives about labor shortages. Many said they were experiencing significant turnover due to what they called “wage dynamics”: other companies attract their workers with higher wages.

Karen Fichuk, managing director of Randstad North America, a recruiting and staffing company, said job site Monster, which Randstad owns, found that job postings jumped 40% from May to June. . Job searches, on the other hand, only increased by 4%.

The struggle to fill jobs coincides with a rapidly growing economy. During the first three months of the year, the government estimated that the economy grew at a strong annual rate of 6.4%. In the April-June quarter that just ended, the annual rate would have hit a sizzling 10%.

And for the whole of 2021, the Congressional Budget Office estimated on Thursday that growth will amount to 6.7%. It would be the fastest calendar year expansion since 1984.

Meanwhile, consumer confidence rose in June, according to the Conference Board, and is almost back to its pre-pandemic level. Americans also don’t seem daunted by recent price increases, with the percentage of consumers considering buying a home, car, or major household appliance on the rise. Home prices increased the most in April in 15 years.

Factory output is also growing at a steady pace, in part because companies are investing more in industrial machinery, airplanes and technology. These investments could make workers more efficient in the years to come and stimulate long-term growth.

Copyright © 2021 by The Associated Press. All rights reserved.


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