Cement News tagged under: Sri Chakra Cement
Sri Chakra Cement closes FY18-19 with INR55.9m net loss03 June 2019, Published under Cement NewsSri Chakra Cement reported a net loss of INR35.8m (US$515,506) in the quarter ended March 2019 compared to a net profit of INR16.9m in the year-ago quarter. The company’s sales increased 65.5 per cent to INR498.2m in January-March 2019. In the first three months of 2018 it achieved sales of INR301.1m. For the full FY18-19 a net loss of INR55.9m was reported (FY17-18: net profit of INR1.2m). Sales advanced 1.7 per cent to INR1.882bn in FY18-19, up from INR1.85bn in the previous year. |
Sri Chakra Cement slides into loss12 February 2018, Published under Cement NewsSri Chakra Cement, based in the Indian state of Andhra Pradesh, has reported a net loss in INR-19.1m (US$ 297,038) in 3QFY17-18 ended 31 December 2017 when compared with INR81m in the previous quarter. The company’s net revenue declined by 8.7 per cent to INR519.7m in the October-December quarter. In 3QFY16-17 net revenues reached INR568.9m. Operating expenses during the 3QFy17-18 increased by 14 per cent to INR528.4m from INR463.7m YoY while other income more than tripled from INR... |
Star Cement announces 90% net profit increase16 November 2017, Published under Cement NewsStar Cement reported a standalone net profit of INR219.9m (US$3.37m) for the 2Q17 period ended 30 September 2017, a 89.9 per cent increase from the INR108m seen in the year-ago period. The revenue for the company fell to INR2.57bn from INR2.89bn in 2Q16. Star Cement reported EBITDA of INR530m for the second quarter of 2017, according to The Economic Times. The cost of expenses decreased to INR2.32bn from INR2.78bn of the corresponding quarter in 2016. In 1H17 the company saw a net profit... |
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