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News Ambuja Cements’ first quarter 2016 net profit falls by 45%

Ambuja Cements’ first quarter 2016 net profit falls by 45%

Written by Global Cement staff 28 July 2015
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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.

Last modified on 29 July 2015
Published in Global Cement News
Tagged under
  • India
  • Ambuja
  • Results
  • Dirk India
  • GCW211

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