Shree Cement net profit down 24% to US$28m for July - September quarter

Print this page

India: Shree Cement reported a 24.5% dip in net profit for the July - September quarter at US$28m. The company, which has 13.5Mt/yr cement production capacity and 560MW/yr power generation capacity, had produced US$37m net profit in the same quarter last fiscal year. Total income of the company during the quarter fell to US$203m from US$211m in 2012. Revenue from both cement and power businesses of the company dropped during the quarter.

Expenses during the period went up to US$181m from US$163m in the July - September quarter of 2012 due to higher freight and other expenses. Freight costs of the company went up to US$41m for the quarter from US$35m in the year-ago period. Other expenses during the period went up to US$40m from US$33m.

Last modified on 30 October 2013

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://www.globalcement.com/news/item/2029-shree-cement-net-profit-down-24-to-us$28m-for-july-september-quarter

© 2024 Pro Global Media Ltd. All rights reserved.