Fall in profit and sales for Burnpur Cement

Burnpur Cement has released its results for the quarter ended 31 December 2013 and reported a fall in standalone net profit. The company is one of the leading cement manufacturers in eastern India, with operations in the cities of Asansol and Patratu in West Bengal.

Results for the quarter ended 31 December 2013

• During the quarter, the company saw a 18.32% y/y decline in profit to Rs.7.6 million, compared to Rs.9.31 million in the same quarter a year earlier.
• Net sales for the quarter fell slightly to Rs.203.32 million compared with Rs.212.78 million for the October – December 2012 quarter, a decrease of 4.45% y/y.
• Earnings per share stood at Rs.0.12 in the quarter ended 31 December 2013, a 20% y/y decline compared to Rs.0.15 in October – December 2012.

Edited from various sources by Rosalie Starling

Read the article online at: https://www.worldcement.com/asia-pacific-rim/07022014/fall_in_profit_and_sales_for_burnpur_cement_710/