ACC of India post higher Q4 2015 sales, but net profit down

ACC, the India-based ready-mixed concrete and cement manufacturer, posted a 3% year-on-year Q4 2015 sales increase from INR 27.62 billion (US$ 405.4 million) to INR 28.46 billion ($417.05 million), while cement volumes rose 4% from 5.77 million tonnes to 6 million tonnes. However, the net profit of the firm in the quarter fell 69% to INR 1.02 billion from INR 3.26 billion as the firm focused on lowering costs.
Quarry Products / February 16, 2016

4577 ACC, the India-based ready-mixed concrete and cement manufacturer, posted a 3% year-on-year Q4 2015 sales increase from INR 27.62 billion (US$ 405.4 million) to INR 28.46 billion ($417.05 million), while cement volumes rose 4% from 5.77 million tonnes to 6 million tonnes. However, the net profit of the firm in the quarter fell 69% to INR 1.02 billion from INR 3.26 billion as the firm focused on lowering costs.

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