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News India Cements slumps to a loss in three months to September 2022

India Cements slumps to a loss in three months to September 2022

Written by Global Cement staff 09 November 2022
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India: India Cements Limited has posted a loss of US$16.9m during the quarter that ended on 30 September 2022 on account of increases in fuel and coal costs. The manufacturer had earlier reported a profit of US$9.3m in the three months to 30 June 2022. India Cements’ vice chair and managing director, N Srinivasan, “It was a difficult quarter because the coal price increase was quite sharp.”

Published in Global Cement News
Tagged under
  • India
  • India Cements
  • Results
  • GCW582
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