India’s Shree Cement Ltd has released its results for the quarter ending 31 March 2014. During the period, net sales improved by 16% y/y to Rs.1659.99 crore and total income reached Rs.1664.92 crore, an increase on the Rs.1442.85 crore achieved in the corresponding period in 2013. However, a 22% rise in expenditure meant that net profit for the quarter fell by 19% y/y to Rs.222.51 crore. The expenditure includes the write off of pre-operative expenses incurred on some capital projects and Rs. 29.62 crore on provision towards statutory liability.
Edited from various sources by Louise Fordham
Read the article online at: https://www.worldcement.com/asia-pacific-rim/29042014/india_shree_cement_profit_falls_1q14_101/