Shree Cement 2Q net profit declines, India

Shree Cement 2Q net profit declines, India
Published: 12 November 2010

Shree Cement Ltd Thursday reported a 96% plunge in second-quarter net profit, due to lower cement prices and higher input costs.

For the July-September quarter, net profit fell to INR105.4m from INR2.89bn.

Sales fell 20% to INR7.18bn from INR9.00bn. Total costs rose to INR7.03bn from INR5.85bn.