JK Lakshmi Cement reports June quarter loss
Published by Katherine Guenioui,
Editor
World Cement,
JK Lakshmi Cement has reported a net loss of Rs.23.48 crore for the June quarter, attributed to the sluggish market and increased costs. Income fell 2% to Rs.590.75 crore, from Rs.600.42 crore in the June 2014 quarter, while expenses were up 12% to Rs.579.27 crore. Gross sales fell 0.88% to Rs.663.03 crore.
The company blamed ‘subdued market conditions’, which have affected cement prices by about Rs.30 – 35 per bag. Also of note were the additional costs associated with the commissioning of the first phase of the company’s greenfield plant in Durg, which took place in March 2015.
The company has made cost savings, however, including bringing down coal consumption at its Sirohi plant to 685 kcal/kg of clinker from 714 kcal/kg clinker in the same quarter last year.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/asia-pacific-rim/12082015/jk-lakshmi-cement-reports-june-quarter-loss-310/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
