JK Cement sees 55% rise in 4Q net profit

India-based JK Cement reported a 55 per cent rise in net profit to INR1.5bn (US$21.5m) for the fourth quarter ended March 2019 when compared with INR960m in the 4QFY17-18.

The company’s total revenues rose from INR13.16bn in the 4QFY17-18 to INR14.92bn in the final three months of the 2018-19 financial year.

However, JK Cement’s net profit declined to INR3.25bn in the FY18-19, down five per cent when compared with INR3.41bn in FY17-18.