Binani Cement 1Q net profit INR1.07bn Vs INR533m

Binani Cement 1Q net profit INR1.07bn Vs INR533m
22 July 2009


India’s Binani Cement Ltd said Tuesday its first quarter net profit doubled to INR1.07bn from INR533.0m a year earlier.

Net sales for the quarter ended June 30 jumped 61% to INR5.24bn from INR3.2bn, the cement producer said in a statement.

The statement didn’t give a reason for the surge in net profit.

Total costs increased to INR3.79bn from INR2.52bn, but power and fuel costs shrank to INR1.13bn from INR1.15bn a year earlier, it said.
Published under Cement News