Dip in 1Q15 net profit for Ramco Cements

1Q15 (April – June 2014) financial highlights

• Net sales/income from operations stood at Rs.92 426 lakhs, falling slightly from Rs.92 435 lakhs in 4Q14 (ended 31 March) and from Rs.96 012 lakhs in 1Q14 (ended 30 June 2013). Other operating income for 1Q15 stood at Rs.3489 lakhs, bringing total income from operations to Rs.95 915 lakhs (compared to Rs.98 509 lakhs in 4Q14 and Rs.98 718 lakhs in 1Q14).
• Profit from operations before other income, finance costs and exceptional items totalled Rs.10 872 lakhs in 1Q15, while net profit from ordinary activities after tax stood at Rs.3626 lakhs.
• Net profit for the period reached Rs.3626 lakhs, increasing from Rs.2499 lakhs in 4Q14 but decreasing from Rs.6885 lakhs in 1Q14 (due to continued sluggishness in the domestic cement market).
• Basic and diluted earnings per share stood at Rs.2 during the reporting period, increasing from Rs.1 in 4Q14 but decreasing from Rs.3 in 1Q14.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldcement.com/asia-pacific-rim/30072014/dip-in-1q15-net-profit-for-ramco-cements-202/