Latest news with #DFT
Bangkok Post
14 hours ago
- Business
- Bangkok Post
Cambodia spat expected to cost border trade B60bn
If Thai-Cambodian border checkpoints remain closed until the end of the year, Thailand is expected to lose more than 60 billion baht in border trade, according to the Department of Foreign Trade (DFT). As a consequence, total border trade for this year is estimated to grow by only 1-2%. Arada Fuangtong, director-general of the DFT, said if the border remains closed from June to December, the estimated loss in export revenue could surpass 60 billion baht. This figure is based on last year's total border trade value of 175 billion baht between the two countries, with exports accounting for 142 billion, an average of 11.8 billion per month. She said reports indicated activities at border checkpoints have diminished, with businesses on both sides temporarily closing. Provincial commerce offices along the border found many Thai and Cambodian shops have been closed since border control measures were implemented on June 7. The export sectors hit hardest include vegetables, fruit and various consumer goods. Exporters are exploring alternative shipping routes, such as coastal shipping through ports in Trat province or shipping industrial goods via Laem Chabang port. Border imports from Cambodia tallied 32.7 billion baht last year, averaging 2.72 billion per month. The largest volume of items included cassava and scrap metal needed for industrial processing. If the border with Cambodia remains closed, Mrs Arada said Thailand may need to import more from Laos, though that trade has increased transport costs and longer transport times. During the first five months of this year, Thai exports to Cambodia totalled 146 billion baht, an 8.7% year-on-year increase. Border exports were valued at 63.1 billion baht, a 9% increase. Imports from Cambodia amounted to 21.7 billion baht, up 7.1% year-on-year, with border imports tallying 17.7 billion baht, a 20% increase. She said the border closure will impact the country's total border trade target this year. The original goal was 3% growth, with trade valued at 1.87 trillion baht. However, due to the closure, border trade growth is now anticipated to tally 1-2% from previous year's total of 1.82 trillion baht, according to the DFT.
Yahoo
15-05-2025
- Business
- Yahoo
Surya Roshni Ltd (BOM:500336) Q4 2025 Earnings Call Highlights: Strong EBITDA Growth and ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Surya Roshni Ltd (BOM:500336) reported a 22% year-on-year growth in EBITDA for Q4 FY25, reaching INR 211 crore. The company achieved a 26% increase in profit before tax, amounting to INR 175 crore. Surya Roshni Ltd became a zero-debt company with a net cash surplus of INR 342 crore as of March 31, 2025. The steel pipe and strip segment achieved a historical sales volume, marking a 9% year-on-year growth. The company declared a final dividend of INR 3 per share, demonstrating its commitment to shareholder value. Consolidated revenue for the full year FY25 declined by 5% compared to the previous year. The revenue decrease was primarily due to lower HR coil prices during the year. Despite growth in EBITDA, the lighting and consumer durable segment faced significant industry challenges, including price erosion and input cost pressures. The company's revenue from the steel pipe and strip segment decreased by 8% for the full year FY25. Surya Roshni Ltd's working capital cycle increased to 55 days, indicating potential inefficiencies in managing inventory and receivables. Warning! GuruFocus has detected 4 Warning Sign with PHYS. Q: What cost savings can be expected once the Hindupur facility becomes operational? A: Unidentified_2 (Managing Director): The Hindupur facility will enhance capacity and improve EBITDA margins by reducing fixed costs. This will lead to overall cost savings and improved profitability for the company. Q: How confident is the company in achieving the 1.1 million tons sales volume target for next year? A: Unidentified_2 (Managing Director): We are confident in achieving this target due to the strong demand in the US market, particularly for API oil and gas pipes. The reduction in anti-dumping duty from 19% to 2.3% will also aid in reaching this goal. Q: What is the expected revenue growth for the lighting and consumer durable segment? A: Unidentified_2 (Managing Director): We are targeting double-digit revenue growth for the lighting and consumer durable segment in FY26, leveraging our strong distribution network and innovative product portfolio. Q: What is the company's plan regarding capital expenditure over the next two years? A: Unidentified_2 (Managing Director): We have outlined a 500 crore CapEx plan over the next two years, with 250 crore allocated for greenfield projects and the remaining for the DFT plant in Gujarat and other strategic initiatives. Q: How will the recent tariff changes impact the company's exports? A: Unidentified_2 (Managing Director): The reduction in tariffs, particularly for API pipes, will positively impact our exports to the US, allowing us to be more competitive and potentially increase our market share. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
