Fall in 3Q profit for India Cements
Sluggish cement demand and tough macroeconomic conditions resulted in a fall in profit for India Cements Ltd in the third quarter of the current fiscal year.
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Sluggish cement demand and tough macroeconomic conditions resulted in a fall in profit for India Cements Ltd in the third quarter of the current fiscal year.
Indian cement manufacturer JP Associates posted a net loss of Rs.88.71 crore for the quarter ended 31 December 2013 as a result of high finance costs.
Indonesia’s cement sales fell by 1% y/y in January 2014 as a result of severe flooding, which disrupted distribution networks.
Indian cement manufacturer Burnpur Cement has reported a fall in standalone net profit and sales for the quarter ended 31 December 2013.
Ambuja Cements Ltd has reported a fall in sales and profit in its audited financial results for the year ended 31 December 2013.
Cement exports from Pakistan to Afghanistan decreased from 314 000 t in December 2013 to 202 000 t in January 2014.
The Development and Reform Commission has approved plans for Allied Cement’s new cement plant in Bailonggang, China.
An increase in construction activity and infrastructure projects in Malaysia is expected to boost the country’s cement demand in 2014.
Work has begun on Sinoma and LNVT’s first EPC contract in India: a petcoke mill system for Shree Digvijay Cement Co. Ltd.
UltraTech Cement’s parent company reports a decline in profit as cost pressures are felt across all business areas.
Cement manufacturers in south India have begun exporting to Myanmar due to tough conditions in the domestic market.
Orient Cement reported a sales turnover of Rs.341.17 crore and a net profit of Rs.22.91 crore for the quarter ended 31 December 2013.