Asia & Pacific Rim - 11 August 2014

The Indian cement company reports a jump in net profit for the June quarter from the previous quarter, but a decline year-on-year.

The change in strength requirements for cement in Nigeria is reportedly bringing down business confidence, which some have attributed to the lack of discussion prior to enforcing the new rule.

Cement sales fell 25% in July due to fewer working days, but are anticipated to pick up through the remainder of the year on the back of infrastructure investment.

Both Pakistan’s domestic cement sales and exports declined in July 2014, according to figures from the All Pakistan Cement Manufacturers Association.