India: Ramco Cements’ earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 14% to US$102m in the nine months of 31 December 2018 from US$119m in the same period in 2017. Its revenue rose by 15% to US$510m from US$445m. Sales volumes of cement increased by 19% to 7.83Mt from 6.58Mt. The cement producer said that sales had increased in southern and eastern markets. It blamed its falling earnings on rising diesel price that negatively affected transport costs for both raw and finished materials.
Ramco Cements’ earnings hit by input costs
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/8705-ramco-cements-earnings-hit-by-input-costs
© 2024 Pro Global Media Ltd. All rights reserved.