Prism Cement reports June quarter loss
Published by Katherine Guenioui,
Editor
World Cement,
India’s Prism Cement reported a net loss of Rs.8.04 crore for the June quarter, from a profit of Rs.13.24 crore in the same period last year. Net sales were Rs.1365.94, down from Rs.1383.91 crore, while EBITA improved to Rs.507/t of cement from Rs.433/t in the previous quarter ending 31 March.
Cement and clinker sales volumes dipped to 13.60 lakh t from 15.12 lakh t in the June 2014 quarter. The company reported a 10% y/y decline in volumes overall, but a 4.8% decline in cement sales volumes.
The company maintains optimism for the future, commenting that the long-term drivers for cement demand remain intact.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/06082015/prism-cement-reports-june-quarter-loss-281/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
