Cement News tagged under: Sri Lanka
Tokyo Cement quarterly net profit up 43 per cent, Sri Lanka20 February 2012, Published under Cement NewsSri Lanka’s Tokyo Cement said net profits for the December quarter rose 43 per cent to LKR275m (US$2.3m) from a year earlier with revenues up 39 per cent to SLR5.7bn. The company’s revenues grew 38% to LKR5.7bn cost of sales rose at a faster 44% but the firm grew gross profits at a slower 17%. Tokyo Cement is a joint venture between Nippon Coke and Engineering (formerly Mitsui Mining) and the local St Anthony’s Industries, selling the Mitsui brand. It operates a 1.8Mta grinding capac... |