India’s ACC says Q2 net profit falls 14 per cent
ACC Ltd, India’s second-largest cement producer, on Thursday reported a 14 per cent fall in the June quarter profit from a year ago, when its earnings had been boosted by one-time gains.
ACC, in which Holcim controls nearly 41 per cent, said net profit for its fiscal second-quarter was INR3.51bn (US$87m), compared with INR4.06bn, including extraordinary gains of INR1.47bn, a year earlier.
Net sales for the quarter rose to INR18.68bn from INR14.62bn a year earlier. Published under Cement News
