ACC’s earnings rise by 11% to US$267m in 2018

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India: ACC’s operating earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 11% year-on-year to US$267m in 2018 from US$296m in 2017. Its new sales increase by 12% to US$2.02bn from US$1.80bn. Cement sales volumes grew by 8.4% to 28.4Mt from 26.2Mt. Ready-mix concrete (RMX) sales grew by 16.6% to 3.16Mm3 from 2.71Mm3.

The cement producer said that despite rising prices of slag, petcoke and diesel it had focused on productivity and an improved raw material mix. It also built 18 new RMX plants during the year.

Last modified on 06 February 2019

URL: https://www.globalcement.com/news/item/8750-acc-s-earnings-rise-by-11-to-us-267m-in-2018

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