Star Cement’s three-month profit falls by 18% year-on-year

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India: Star Cement recorded a standalone net profit of US$6.43m in the period between 1 October 2019 and 31 December 2019, representing a decrease of 18% year-on-year from US$5.45m in the corresponding three-month period of 2018. The company attributed the decline to increased operating expenses, which rose by 16% year-on-year to US$51.9m from US$44.9m in 2019. Sales over the period rose by 6.9% year-on-year to US$60.1m from US$56.2m in the final quarter of 2018.

Last modified on 12 February 2020

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