India: UltraTech Cement’s income rose by 15% year-on-year to US$2.37bn in the six months to the end of September 2018 from US$2.05bn. However, its net profit fell by 24% to US$137m from US$180m. The cement producer blamed its profit drop on mounting energy and logistics costs coupled with local currency depreciation effects. Its cement sales volumes rose by 28% to 31.9Mt from 25Mt.
UltraTech Cement profit down so far as costs mount
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.
URL: https://www.globalcement.com/news/item/8219-ultratech-cement-profit-down-so-far-as-costs-mount
© 2024 Pro Global Media Ltd. All rights reserved.