Ambuja Cement posts US$73.4m profit in third quarter of 2019

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India: LafargeHolcim subsidiary Ambuja Cement has grown its consolidated net profit by 35% year-on-year to US$73.4m in the three months to 30 September 2019 from US$55.9m in the corresponding period of 2018. Revenue grew by 1.5% to US$0.87bn from US$0.86bn. Ambuja managing director and CEO Bimlendra Jha spoke in positive terms of the growth in spite of falling volumes. Expenses fell amidst logistics improvements, as Ambuja continues to focus on product mix enrichment, alternative fuel substitution and the increased use of renewable energy.

Other Indian cement companies to weather stagnant third quarter sales with growing net profit were Shree Cement with 414% growth to US$43.6m and ACC with 45% growth to US$29.5m.

Last modified on 23 October 2019

URL: https://www.globalcement.com/news/item/9995-ambuja-cement-posts-us-73-4m-profit-in-third-quarter-of-2019

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