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ACC June-quarter consol profit rises about 33 percent, beats estimates

Cement producer ACC Ltd reported an about 33 percent rise in June-quarter consolidated profit, boosted by higher cement sales volume.

Published: 17th July 2017 04:56 PM  |   Last Updated: 17th July 2017 04:56 PM   |  A+A A-

By Reuters

REUTERS - Cement producer ACC Ltd reported an about 33 percent rise in June-quarter consolidated profit, boosted by higher cement sales volume.

The company, a unit of the world's No.1 cement maker, LafargeHolcim Ltd, said consolidated profit rose to 3.26 billion rupees ($50.65 million) in the quarter ended June 30, from 2.46 billion rupees a year earlier. (http://bit.ly/2uA9VEo)

Analysts on average were expecting the cement maker to report a consolidated net profit of 2.59 billion rupees, according to Thomson Reuters data.

The company's cement sales volume rose 10.1 percent to 6.74 million tonnes in the quarter, it said in a statement on Monday.

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