India: Shree Cement’s income rose by 15% year-on-year to US$1.18bn for the first nine months of 2018 from US$1.07bn in the same period in 2017. However, its profit before tax fell by 50% to US$95.2m from US$192m. This was mainly due to rising power and fuel costs and logistic expenses.
Shree Cement’s profit before tax suffers from power costs
URL: https://globalcement.com/news/item/8663-shree-cement-s-profit-before-tax-suffers-from-power-costs
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