ACC’s quarterly profit soars by 62%
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
Indian cement manufacturer ACC Ltd reported a net profit of Rs.192.60 crore for the quarter ended 30 September 2014, a 62% y/y increase compared to Rs.118.90 recorded in the same period a year earlier.
In a statement, ACC noted that profitability during the quarter showed an improvement as a result of its customer excellence programme and better cost management, particularly with regard to distribution costs and optimised sourcing of inputs and improved realisations.
Sales turnover increased to Rs.2741.87 crore from Rs.2505.44 crore during the July – September 2013 quarter, while sales volume rose from 5.54 million t to 5.62 million t. Operating EBITDA increased to Rs.379 crore against Rs.286.56 crore in the same period in 2013.
The company further noted that, as economic prospects pick up, the infrastructure, housing and construction sectors are expected to register growth in the near term, which will have a positive impact on demand for cement.
Edited from various sources by Rosalie Starling
Sources
Read the article online at: https://www.worldcement.com/asia-pacific-rim/31102014/accs-quarterly-profit-soars-by-62-775/
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