Mangalam Cement announced a drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 19.78% to Rs 223m from Rs 278.02m in the same quarter previous year. Net sales increased marginally 5.51% to Rs 1,408.37m, while total income for the quarter rose 9.40% to Rs 1,475.41 million, when compared with the prior year period.
The company reported earnings of Rs 7.9 a share during the quarter, registering 19.79% decline over prior year period.
During the quarter, the operating margin of the company declined to 21.35% compared with the previous year period.