India: ACC’s net sales fell by 12% year-on-year to US$1.85bn in 2020 from US$2.11bn in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 3% to US$341m from US$332m. Cement sales volumes decreased by 12% to 25.5Mt and ready-mixed concrete sales volumes by 36% to 2.3Mm3. The subsidiary of Switzerland-based LafargeHolcim said that its cost efficiency program and working capital optimisation helped it to grow earnings and profits in 2020 despite the coronavirus pandemic.
