India’s ACC beats expectations

- Reuters, MUMBAI

Apr 22, 2017-

India’s ACC Ltd, a unit of the world’s largest cement maker, Lafargeholcim Ltd, reported a 9 percent fall in its first-quarter net profit, but beat analysts’ expectations, helped by stronger cement sales volume. Consolidated net profit fell to 2.11 billion rupees ($32.67 million) for the quarter ended March 31, from 2.32 billion rupees a year earlier, the company’s third profit drop in four quarters. Total revenue from operations grew 9 percent to 36.31 billion rupees. 

Published: 22-04-2017 08:34

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