Binani Cement 1Q net profit INR1.07bn Vs INR533m

Binani Cement 1Q net profit INR1.07bn Vs INR533m
Published: 22 July 2009

India’s Binani Cement Ltd said Tuesday its first quarter net profit doubled to INR1.07bn from INR533.0m a year earlier.

Net sales for the quarter ended June 30 jumped 61% to INR5.24bn from INR3.2bn, the cement producer said in a statement.

The statement didn’t give a reason for the surge in net profit.

Total costs increased to INR3.79bn from INR2.52bn, but power and fuel costs shrank to INR1.13bn from INR1.15bn a year earlier, it said.