Shree Cement’s net profits fell in June quarter
Published by Katherine Guenioui,
Editor
World Cement,
Shree Cement has reported a decline in net profit for the June quarter, at Rs.104.11 crore from Rs.277.02 crore in the June quarter last year. Sales were up 4.12% at Rs.1719.43, but expenses also increased, coming in 17.08% higher than in the June 2014 quarter and totalling Rs.1606.07 crore.
In the year to the end of June the company’s consolidated net profit fell 45.8% to Rs.426 crore, while sales rose 9.60% to Rs.6439.88 crore.
Shree Cement has recently completed the acquisition of a 1.5 million tpy cement grinding unit from Jaiprakash Associates for Rs.358.22 crore.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/06082015/shree-cement-net-profits-fell-in-june-quarter-283/
You might also like
Planned spin-off of Holcim’s North American business expected to occur in H1 2025
Holcim is progressing on the planned full capital market separation of its North American business, planned by way of a 100% spin-off to be listed on the New York Stock Exchange.
