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Sandur Manganese to maintain margins at 30% till March

Mining News - Published on Thu, 07 Dec 2017

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Bloomberg quint quoted Mr Nazim Sheikh Managing Director of Sandur Manganese & Iron Ores Ltd as saying that it expects to maintain its operating margins at 30 % that it posted in the September quarter. That compares with 14 % posted during in the year-ago period.

Mr Sheikh told BloombergQuint in an interview that the company posted its solid performance in the previous quarter, driven by production ramp up, price increase of silico-manganese, manganese ore and iron ore. He expects the company’s net profit to be around INR 90 crore for the current financial year.

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Posted By : Rabi Wangkhem on Thu, 07 Dec 2017
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