Construction Industry News
The aggregate performance of some sectors are expected be skewed for some companies, while the results for the first quarter are expected to be in line with expectations. Airline companies are likely to be in the red, while a significant decline in net profit would be seen in the telecom, shipping and cement sectors.
The sectors that would outperform the average net sales growth rate of 26.7 per cent would be oil and gas, entertainment, non ferrous metals, tyres and small and mid-sized steel firms. Shipping, fertilisers, cement, telecom and sugar firms may record single-digit growth in net sales, while power, pharmaceuticals and construction firms expect double-digit growth.
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