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News JK Lakshmi Cement’s earnings hit by fuel prices in first half

JK Lakshmi Cement’s earnings hit by fuel prices in first half

Written by Global Cement staff 15 November 2018
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India: JK Lakshmi Cement’s income fell slightly to US$250m in the first half of its financial year to 30 September 2018, from US$251m in the same period in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 13% to US$29.4m from US433.7m It has blamed the fall in its profitability on rising petcoke and diesel prices.

In its half-year report it added that work on a 20MW power plant at its Durg cement plant is expected to be completed by the end of March 2019. A cement grinding plant in Orissa is also expected to be finished from the start of 2019.

Last modified on 21 November 2018
Published in Global Cement News
Tagged under
  • India
  • JK Lakshmi Cement
  • Results
  • Fuel
  • GCW380
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