Asia & Pacific Rim - 31 October 2014

Higher costs related to maintenance activities put a dent in the company’s margins, but net income rose 4.4% and gross revenue was up 18.2% in the quarter.

Ambuja Cements Ltd has reported an increase in net sales, operating EBITDA and net profit after tax for the July – September 2014 quarter.

Reporting on its results for the first quarter of its current financial year, Lucky Cement said that local sales grew to 0.965 million t and net sales revenue rose 12.2%.

ACC posted a 62% increase in net profit for the quarter ended 30 September 2014, which was attributed to better cost management and improved realisations.

The company has reported two consecutive quarters of growth, with production and sales both up and operating profit considerably higher than the same period last year.