JK Cement net up 60 per cent

JK Cement net up 60 per cent
Published: 31 January 2008

Delhi-based JK Cement today registered 60 per cent jump in net profit at Rs 80.2 crore for the third quarter ended December 31, 2007, compared to Rs 50.2 crore in the corresponding quarter of the previous fiscal.  
 
The total income of the firm increased 22 per cent at Rs 389.9 crore for the quarter, against Rs 319 crore in the corresponding quarter of the previous year. 
 
The refurbishing of the acquired assets of Nihon Nirman by JK Cement is be executed and is expected to be put into operation in the next three to four months, the company said in a statement.  
 
The green-field cement plant in Karnataka is expected to be commissioned by January-March 2009. The statement added.