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News JK Cement increases income as profit drops during first half of 2023 financial year

JK Cement increases income as profit drops during first half of 2023 financial year

Written by Global Cement staff 14 November 2022
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India: JK Cement recorded US$536m in standalone income during the first half of its 2023 financial year, up by 26% year-on-year from US$427m. Throughout the period, the producer's profit after tax declined by 19%, to US$37.7m from US$46.4m. Also on a standalone basis, the company reported total expenses of US$482m, up by 31% year-on-year from US$368m. JK Cement's consolidated income rose by 23% to US$558m, while the group's expenses rose by 30% to US$509m, resulting in a 20% consolidated net profit drop to US$33.5m.

Last modified on 16 November 2022
Published in Global Cement News
Tagged under
  • JK Cement
  • India
  • Results
  • costs
  • growth
  • GCW583
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