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News ACC grows earnings in 2020 despite coronavirus

ACC grows earnings in 2020 despite coronavirus

Written by Global Cement staff 17 February 2021
  • Print

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.

Published in Global Cement News
Tagged under
  • India
  • ACC
  • LafargeHolcim
  • Results
  • coronavirus
  • concrete

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