Ambuja Cements reports 26% rise in net profit after tax in 2Q14
Published by Katherine Guenioui,
Editor
World Cement,
Ambuja Cements Limited reported growth of 7.8% in cement sales volumes in the April – June quarter (2Q14) at 5.79 million t from 2Q13’s 5.38 million t. Net sales soared 15.4% to Rs.2706 crore, while operating EBITDA reached Rs.588 crore, up 12.4% y/y. Net profit after tax increased significantly, reaching Rs.409 crore, up from 2Q13’s Rs.324 crore – a 26.2% increase.
The company reports it is anticipating strong demand in the second half as construction activity should pick up following the increased infrastructure and housing budget. Ambuja Cement is focused on improving operational efficiencies and customer service, factors which should also improve performance.
Ambuja Cements is a Holcim-owned company.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/25072014/ambuja-cements-reports-26-percent-profit-increase-172/
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