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News The India Cements’ sales fall by 24% to US$416m in nine month period

The India Cements’ sales fall by 24% to US$416m in nine month period

Written by Global Cement staff 27 January 2021
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India: The India Cement’s consolidated nine-month net sales for the period which ended on 31 December 2020 were US$416m, down by 24% year-on-year from US$550m, in the corresponding period of 2019. Its sales volumes of cement fell by 29% to 5.9Mt from 8.4Mt. However, its net profit more than doubled to US$21.5m from US$8.3m. The cement producer said that the construction industry started to recover from September 2020 following coronavirus-related lockdowns earlier in the year. Earnings and profits grew in the reporting period in part due to reduced production costs.

Published in Global Cement News
Tagged under
  • India Cements
  • India
  • Results
  • GCW490
  • coronavirus

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