Fall in quarterly earnings for Shree Cement
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
Indian cement manufacturer Shree Cement has reported a fall in profit for the second quarter of the current fiscal year due to lower income.
Results for 2Q14
- Net profit decreased by 47% y/y from Rs.217.44 crore (Rs.62.42 per share) in 2Q13 to Rs.115.49 crore (Rs.33.15 per share) in 2Q14.
- Total net income from operations stood at Rs.1318.13 crore in 2Q14, a 6% fall y/y from Rs.1401.23 crore in 2Q13.
- Other income decreased from Rs.30.2 crore in 2Q13 to Rs.9.9 crore in 2Q14.
Results for 1H14
- Net profit saw a 35% fall in 1H14 to Rs.287.71 crore, compared to Rs.445.57 crore in 2Q13.
- Total net income from operations declined by 5% from Rs.2698.39 crore in 1H13 to Rs.2565.67 crore in 1H14.
- Other income totalled Rs.83.85 crore in 1H14, compared with Rs.62.24 crore in 1H13.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/asia-pacific-rim/27012014/fall_in_quarterly_earnings_for_shree_cement_651/
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.
