Cost of sales too high.
What is Merali doing to bring down the running costs? This company consumes more than it brings.Why spend 1.5 bilion to make just 43 million in profit? Thats a paltry 3% return.I think there is more than meets the eye here.

EPS is not calculated using CI.

As earlier stated on numerous warning threads, avoid this stock at all costs

BRIEF-Sameer Africa sees FY
Earnings to be lower by more than 25%

Says Board resolved to cease manufacture of tyres and allied products at Sameer
Africa factory in Nairobi,

Says to commence off-shore production by tyre manufacturers domiciled in China
and India

Says to incur one-off charge in respect of plant and inventory impairment and
employee severance cost about 725 million shillings

Says earnings for current financial year expected to be lower by more than 25% of
earnings reported same period in 2015 Source : j.mp/2bTJLnd Further company
coverage: (Bangalore.newsroom@thomsonreuters.com)

Naushad Meralli Empire.

Caution to the good or caution to the worst?Now the factory land is still a valuable and strategically located asset

To be kula'd by Merali.