, driven by volume and recognition of value from our customers and was as per our plan despite the fact that costs of raw materials and fuel was well above last year same period. Maintenance and HR expenses

. Exports, a key driver of the manufacturing sector, contracted at an accelerated pace compared to the first quarter. Additionally, manufacturing output also continued to falter in the same period. More

synergies of the acquisition contributed to the growth in revenue while variable cost synergies (particularly on fuel specific consumption optimization) contributed positively to consolidated EBITDA

and also 23% of additional manufacturing capacity in higher-margin businesses. The purchase price is based on an enterprise value of USD 2.0 billion and up to USD 76 million in pension obligations. The

of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly

addition, the economic impact of Covid-19 will be only fully visible in the Q2-Q4 period of the year. However, as our business is essential to many manufacturing processes, and as we are quite diversified

the last quarter of 2017 continuously grew from previous quarter supported by a pick-up in exports, blooming tourism and private consumption as well as a jump in manufacturing. Overall, the economy will

price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and

vs. total revenue has increased significantly. The main factors behind this unwelcome trend was a jump in fuel (petroleum coke) prices, and increased manufacturing cost of machinery equipment. However

. For the three-months ended 30 June Items Increased (Decreased) 2019 2018 Amount Percentage 1 Revenue from steel tower manufacturing 147.39 242.37 (94.98) (39.19) 2 Revenue from sale of industrial