India: JK Cement’s grey cement sales fell by around 20% year-on-year in the first quarter of its financial year to 30 June 2020. They have recovered gradually since coronavirus-related lockdowns eased. White cement sales have recovered slower and dropped by 50% in the first quarter. The cement producer temporarily suspended operations at its plants in five states in late March 2020. Operations resumed in late April 2020 in a phased manner. The company added that its capital and financial resources remained “entirely protected in spite of adverse impact on its sales.”
