Burnpur Cement posts net loss of INR31.2m in 4QFY18-19

Indian cement producer Burnpur Cement has reported a net loss of INR31.2m (US$448,725) in the fourth quarter of FY18-19. This compares to a net loss of INR39.5m posted in the previous year’s quarter ended March 2018. Sales rose 29.1 per cent YoY to INR240.2m from INR18.61m.

For the full financial year, net loss came down to INR126.7m in FY18-19 from INR444.9m in FY17-18. Sales increased 106.3 per cent to INR867.6m in the FY18-19 from INR420.6m in the previous financial year.