JK Cement net up more than six fold, India

JK Cement net up more than six fold, India
Published: 31 October 2006

Kanpur-based JK Cement Ltd today reported a more than six fold jump in its net profit at Rs 34 crore for the quarter ended September 30, 2006, as compared to Rs 4.9 crore in the year-ago period.  
Gross turnover during the quarter rose by 25 per cent at Rs 331.1 crore as against Rs 264.9 crore in the corresponding period last year, the company release said. 
The gross turnover has increased due to rise in production of white cement and improved realisation of grey cement, it said.  
The net profit for the first half of the fiscal ended September 30, 2006, jumped near eight fold at Rs 67 crore as compared to Rs 8.4 crore in the year-ago period.