India: The India Cement’s consolidated nine-month net sales for the period which ended on 31 December 2020 were US$416m, down by 24% year-on-year from US$550m, in the corresponding period of 2019. Its sales volumes of cement fell by 29% to 5.9Mt from 8.4Mt. However, its net profit more than doubled to US$21.5m from US$8.3m. The cement producer said that the construction industry started to recover from September 2020 following coronavirus-related lockdowns earlier in the year. Earnings and profits grew in the reporting period in part due to reduced production costs.
The India Cements’ sales fall by 24% to US$416m in nine month period
URL: https://globalcement.com/news/item/11912-the-india-cements-sales-fall-by-24-to-us-416m-in-nine-month-period
© 2025 Pro Global Media Ltd. All rights reserved.