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Raw material costs stood at 57.7% of the consolidated revenues-higher than the year-ago level of 56.5%. Other expenses, too, climbed to make up 16.2% of the revenues-much higher than the y-o-y level of 14.8%. These increased expenses, and a less favourable product mix, dented profitability.
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Under the framework, the facility of algo trading would be provided by the stockbroker to retail investors only after obtaining permission of the stock exchange for each algo.
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The African nation exports its cashews in raw form, but processing them would be more lucrative.
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News and Media
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