India: Birla Corporation’s sales revenue has risen by 6.2% to US$280m in the first half of its financial year, which ended on 30 September 2016, from US$263m in the same period of 2015. Its net profit more than tripled to US$22.3m from US$7.04m. Sales from its cement division rose by 5.6% to US$256m from US$242m. No comment on the results was given but in August 2016 Birla completed its acquisition of Reliance Infrastructure for US$702m.
Birla Corporation sales rise in first half of 2016
Written by Global Cement staff
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