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News ACC profit rises by 26% to US$69.3m in first half of 2016

ACC profit rises by 26% to US$69.3m in first half of 2016

Written by Global Cement staff 27 July 2016
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India: ACC’s net profit after tax has risen by 26% year-on-year to US$69.3m in the first half of 2016 from US$55.1m in the same period in 2015. The cement producer’s sales revenue fell slightly to US$863m and its cement sales volumes rose by 3.8% to 12.48Mt from 12.02Mt. The subsidiary of LafargeHolcim reported that it made an overall cost reduction of 9% in the second quarter of 2016 by optimising its fuel mix through higher rates of petcoke, by lowering costs of input materials such as slag, fly ash and gypsum and by improving its gypsum-mix optimisation.

Last modified on 27 July 2016
Published in Global Cement News
Tagged under
  • India
  • ACC
  • LafargeHolcim
  • Results
  • GCW261

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