Binani Cement 3Q net profit falls

Binani Cement 3Q net profit falls
Published: 30 January 2009

India’s Binani Cement Ltd said Friday its third-quarter net profit fell to INR84.9m from INR539.5m a year earlier on higher cost on imported coal.

Net sales rose 54.5% to INR3.60bn from INR2.33bn a year earlier.

The company couldn’t pass on the "substantial increase" in the cost of imported coal to customers, it said in a statement.