JK Cement reports 96% drop in profits, India

JK Cement reports 96% drop in profits, India
Published: 22 February 2011

JK Cement reported a marked drop in standalone net profit for the quarter ended December 2010.



During the quarter, the profit of the company declined 96.06% to INR18.30m (US$0.4m) from INR464.90m in the same quarter previous year.



The company’s net sales for the quarter for the quarter rose 10.31% to INR4733.13m, while total income for the quarter rose 10.32% to INR4733.38m, when compared with the prior year period.