Binani Cement 4Q net declines 68.70%

Binani Cement 4Q net declines 68.70%
Published: 24 April 2009

Binani Cement announced a substantial drop in standalone net profit for the quarter ended March 2009.

During the quarter, the profit of the company declined 68.70% to INR200.70m  from INR641.30m in the same quarter previous year.

Net sales for the quarter jumped 48.24% to INR4,980.80m, while total income for the quarter jumped 47.71% to INR5,013.10m, when compared with the prior year period.

It posted earnings of INR0.99 a share during the quarter, registering 68.67% decline over previous year period.