Prism Cement quarterly net profit falls

Prism Cement quarterly net profit falls
26 May 2017

India-based Prism Cement’s net profit fell to INR701.5m (US$10.9m) versus INR756.1m a year earlier.  Consensus forecast for March quarter profit was INR23.01m, according to Reuters.

Total income for the three months to the end of March 2017 was INR15.76bn versus INR15.91bn a year ago.

Prism cement manufactures PPC under the brand name 'Champion' and premium quality grade of cement under ‘H-Tech’ and ‘Duratech’ brand. It caters mainly to the markets of eastern Uttar Pradesh, Madhya Pradesh and Bihar.

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