Ambuja Cements 2010 net profit rises
Ambuja Cements Ltd, India’s third-largest cement maker by capacity, Thursday posted a 3.8% rise in its 2010 consolidated net profit, buoyed by higher sales.
Ambuja Cements, a unit of Swiss cement giant Holcim Ltd., posted a net profit of INR12.63 billion, up from INR12.17 billion the previous year. Sales for the year rose 4.4% to INR73.90 billion from INR70.77 billion.
The company said it expects its margin to remain under pressure from high raw material costs and price volatility, due to an oversupply situation in the sector. Published under Cement News
