Saurashtra Cement September quarter profit more than halves
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Joseph Green Editor
Wednesday, 02 November 2016 09:52
Reuters are reporting that Saurashtra Cement September quarter net profit stood at 40.4 million rupees versus a profit of 103.3 million rupees a year ago.
September quarter net sales dropped to 1.08 billion rupees versus 1.28 billion rupees a year ago.
Read the article online at: https://www.worldcement.com/indian-subcontinent/02112016/saurashtra-cement-september-quarter-profit-more-than-halves/
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The company has suggested that the recovery in construction must not be taken for granted as ONS data shows that construction output has flatlined since September, whilst new contract awards have been weak for most of the past year.