JK Lakshmi Cement announces 31% rise in net profit
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
India’s JK Lakshmi Cement reported a net profit of Rs.18 crore for the quarter ended 31 December 2014. This represents a 31% y/y increase compared to Rs.14 crore recorded in the same period a year earlier.
Revenues increased by 10.3% to Rs.618, compared to Rs.560 crore recorded in the October – December 2013 quarter, supported by a 6% y/y rise in sales volumes. However, total expenses rose to Rs.509 crore from Rs.474 crore due to an increase in the royalty of limestone and coal prices.
Shailendra Chouksey, Whole-time Director of JK Lakshmi, attributed the increase in profit to a rise in sales and net sales realisation. The company has a cement production capacity of some 9 million tpy.
Edited from various sources by Rosalie Starling
Sources
Read the article online at: https://www.worldcement.com/asia-pacific-rim/05022015/jk-lakshmi-cement-announces-31-rise-in-net-profit-279/
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