India: UltraTech Cement’s income rose by 17% year-on-year to US$3.73bn in the nine months to the end of 2018 from US$3.18bn in the same period in 2017. Its net profit fell by 21% to US$197m from US$250m. The main causes for this were rising power, energy and logistics costs. Despite this, income and net profit rose in the third quarter of the year. The cement producer also completed its acquisition of Binani Cement in the third quarter.
UltraTech Cement’s nine-month profits hit by energy costs
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