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News Competition and power prices drag on India Cement’s profits

Competition and power prices drag on India Cement’s profits

Written by Global Cement staff 27 May 2019
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India: India Cement net profit fell to US$2.74m in the year to 31 March 2019 from US$9.56m in the same period in 2018. It blamed competition in the south of the country and low prices in the first nine months of the year. Its power and fuel costs also rose during the period. Despite this its income grew by 6% year-on-year to US$836m from US$785m. Its cement sales volumes rose by 11% to 12.4Mt from 11.2Mt.

Last modified on 29 May 2019
Published in Global Cement News
Tagged under
  • India
  • Results
  • India Cements
  • GCW407
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