India: ACC Ltd has reported a 69% drop in its consolidated net profit for the quarter ending 31 December 2015, on account of lower income from avenues other than its core business.
The consolidated net profit was US$14.9m compared to U$47.8m in 2014. Net sales rose by 3% to US$417.3m from US$404m in 2014. Its earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 9% to US$41.0m from US$37.7m in 2014.