ACC 1Q net profit rises marginally

ACC 1Q net profit rises marginally
23 April 2010

ACC, India-based manufacturer of cement and ready-mix concrete, reported a marginal increase in its stand-alone net profit for the first-quarter on an increase in revenue.

The company said several of its cement units faced dispatch constraints due to non-availability of railway wagons, as a result of which the sales volume were near flat. However, it could register some increase in sales turnover, driven by price improvements in a few regions.

First quarter stand-alone net profit rose marginally INR405.13 crore or INR21.53 per share from INR404.76 crore or INR21.54/share in the corresponding quarter.

For the quarter under review, cement sales were 5.58Mt, down 2.6 per cent from 5.73Mt in the same quarter of last year, the company said.
Published under Cement News