India: Ambuja Cements has reported a 45% fall in its standalone net profit to US$35.4m for the first quarter of its 2016 financial year, which ended on 30 June 2015. Its total standalone income fell by 8% year-on-year to US$392m. Ambuja's board has approved the amalgamation of its wholly-owned subsidiary, Dirk India Pvt Ltd, with the company with effect from 1 April 2015. The move is now subject to the approval of shareholders, the High Court and appropriate authorities.

Ambuja Cements’ first quarter 2016 net profit falls by 45%
Written by Global Cement staff
Published in
Global Cement News
Tagged under
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.