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

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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

URL: https://globalcement.com/news/item/8331-jk-lakshmi-cement-s-earnings-hit-by-fuel-prices-in-first-half

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