India: UltraTech Cement’s income rose by 15% year-on-year to US$2.37bn in the six months to the end of September 2018 from US$2.05bn. However, its net profit fell by 24% to US$137m from US$180m. The cement producer blamed its profit drop on mounting energy and logistics costs coupled with local currency depreciation effects. Its cement sales volumes rose by 28% to 31.9Mt from 25Mt.
UltraTech Cement profit down so far as costs mount
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