BlackRock Frontiers Investment Trust Plc - Portfolio Update PR Newswire London, February 18 The information contained in this release was correct as at 31 January 2021.
Indocement targets 4% sales growth 19 January 2021
HeidelbergCement-owned PT Indocement Tunggal Prakarsa Tbk is targeting a four per cent sales volume growth this year on the condition that the business world will resume operations following COVID-19 vaccination programmes, according to the company’s Director and Corporate Secretary, Antonius Marcos. Last year sales of the Indonesian cement producer reached 16.5Mt and the new objective sets expected sales in 2021 at 17.16Mt.
However, the growth target remains below the 18.1Mt sales of 2018 despite being an improvement when compared with the eight per cent drop in sales in 2020.
JP Morgan Sekuritas expects the Indonesian cement industry to grow by 4-5 per cent in 2021 when compared with the previous year. This market expansion will be driven by the government’s focus on infrastructure development.
BlackRock Frontiers Investment Trust NAV increased by 27.9% since financial year end 7:31 am
BlackRock Frontiers Investment Trust plc (LON:BRFI) has announced its annual results for the year ended 30 September 2020.
OVERVIEW AND PERFORMANCE
Performance record
The Company’s financial statements are presented in US Dollars. The Company’s shares are listed on the London Stock Exchange and quoted in UK Pounds Sterling. The Sterling amounts for performance returns shown below are presented for convenience. The difference in performance returns measured in US Dollars and UK Pounds Sterling reflects the movements in the exchange rate over the period.
126.85
2 (cents)
2 (pence)
93.30
4
5,6
6
4
4
5,6
6
4
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1 The change in net assets reflects shares issued/bought back in the year, dividends paid and market movements.