High costs offset sales growth in JK Lakshmi Cement’s first quarter of 2023 financial year

Written by Global Cement staff 29 July 2022

India: JK Lakshmi Cement recorded consolidated sales of US$209m in the first quarter of the 2023 financial year, up by 25% year-on-year from US$167m in the first quarter of the 2022 financial year. The group’s net profit was US$14.5m, down by 15% from US$17.2m.

ZeeBiz News has reported that the producer experienced a 29% year-on-year increase in costs to US$188m, which it attributed to rising global fossil fuel prices.

Last modified on 03 August 2022

Published in Global Cement News

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