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News Third quarter of 2023 financial year yields increased sales and earnings for Nuvoco Vistas

Third quarter of 2023 financial year yields increased sales and earnings for Nuvoco Vistas

Written by Global Cement staff 07 February 2023
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India: Nuvoco Vistas recorded consolidated sales of US$315m during the third quarter of its 2023 financial year. This corresponds to a rise of 20% year-on-year from US$262m during the third quarter of the 2022 financial year. The producer's earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 13% year-on-year to US$33m from US$29.2m. As a result, the company was able to overcome increased costs to reduce its net loss by 12% to US$9.1m.

Last modified on 08 February 2023
Published in Global Cement News
Tagged under
  • India
  • Nuvoco Vistas
  • Results
  • GCW594

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