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.
February 16, 2016 Read time: 1 min

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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April 15, 2015

ACC Cement’s revenue and profit sink for quarter

India-based ACC Cement saw its revenue sink to INR 28.85bn (€434.85 million/US$463 million) in quarter ended 31 March, 2015, down from revenue clocked in quarter ended 31 march 2014 which was INR 29.67 billion.

Consequently, the company also experienced a 41% slump in its profit for quarter ended 31 March 2015.

As such, the profit went down to INR 2.36 billion from INR 3.99 billion previously. Drops in the figures were highly attributed to declining sales with only 5.82 million tonnes of cement sold

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