India: Ambuja Cement’s earnings fell in 2018 due to rising energy and fuel costs. The subsidiary of LafargeHolcim says it has implemented efficiency and cost saving programs to mitigate these effects. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 6% year-on-year to US$265m in 2018 from US$266m in 2017. Despite this, the company’s sales volumes of cement grew by 5% to 24.2Mt from 23Mt. Its sales revenue rose by 7% to US1.54bn from US$1.44bn. Overall, the consolidated results for both Ambuja Cement and its fellow subsidiary ACC, saw growth in EBITDA, net sales and sales volumes of cement.
Ambuja Cement fights energy cost inflation in 2018
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.
© 2022 Pro Global Media Ltd. All rights reserved.