Orient Cement sees an increase in sales and profit

Indian cement manufacturer Orient Cement saw an increase in sales and profit in the quarter ended 31 December 2013.

Results for October – December 2013

• Orient Cement posted a standalone sales turnover of Rs.341.17 crore for the quarter ended 31 December 2013, an increase from Rs.140.98 crore in the same period in 2012 and from Rs.322.29 crore in the July – September 2013 quarter.
• Net profit increased to Rs.22.91 crore in the quarter ended 31 December 2013, rising from Rs.2.33 crore in the same quarter in 2012 and from Rs.14.45 crore in July – September 2013. Gross profit stood at Rs.52.36 crore, increasing from Rs.39.98 crore in the July – September 2013 quarter.
• Total income rose from Rs.326.2 crore in the July – September 2013 quarter to Rs.343.78 crore in the October – December 2013 quarter.

Edited from various sources by Rosalie Starling

Read the article online at: https://www.worldcement.com/asia-pacific-rim/03022014/orient_cement_sees_an_increase_in_sales_and_profit_683/