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News ACC raises sales in first nine months of 2024 financial year

ACC raises sales in first nine months of 2024 financial year

Written by Global Cement staff 27 October 2023
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India: ACC recorded sales of US$1.16bn during the first half of its 2024 financial year that started in April 2023. This represents a year-on-year rise of 14% from US$1.02bn in the first half of the previous financial year. Cement sales grew by 15%, to US$1.08bn, 94% of total sales. The company’s raw materials costs rose by 16% to US$185m, while its power and fuel costs fell by 24% to US$241m, failing to offset a 5% rise in overall costs, to US$1.06bn. As such, ACC reported a profit after tax of US$102m, up by a factor of six from nine-month 2023 financial year levels.

Last modified on 01 November 2023
Published in Global Cement News
Tagged under
  • India
  • ACC
  • Adani Group
  • costs
  • fossil fuels
  • Raw Materials
  • Results
  • GCW632

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