Shree Cement April-June net profit up 29 per cent

Shree Cement April-June net profit up 29 per cent
Published: 20 July 2007

India’s  Shree Cement Ltd. on Thursday posted a 29 per cent rise in April-June net profit on improved price realisation and sales, beating analyst expectations.  
 
A company official said total sales volumes during the quarter went up by 22 per cent while net price realisation went up by 13 percent.  
 
There was also a savings of 27 percent in the company’s interest costs thanks to prepayment of some loans, Executive Director, M.K. Singhi said.