India: Ambuja Cement’s net sales grew by 3% year-on-year to US$410m in the first three months of 2019 from US$398m in the same period in 2018. Its cement sales volumes rose by 2% to 6.37Mt from 6.22Mt. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 9% to US$66.7m from its net profit after tax increased by 57% to US$61.4m. The cement producer said that its focus on alternative fuels had partly mitigated a ‘significant’ rise in power and fuels costs.
Ambuja Cement’s sales rise in first quarter of 2019
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