Ambuja Cements Oct-Dec Net Profit Rises 17% To INR3.02 Billion
February 09 2012 - 4:37AM
Dow Jones News
Ambuja Cements Ltd. (500425.BY) Thursday posted a 17% increase
in net profit for the October-December period as sales volume grew
and product prices rose.
The unit of Swiss cement maker Holcim Ltd. (HOLN.VX) posted a
net profit of INR3.02 billion--up from INR2.58 billion a year
earlier--to match the average of estimates in a Dow Jones Newswires
poll of 10 analysts.
Sales rose 30% to INR23.39 billion from INR17.88 billion.
--By Prasenjit Bhattacharya, Dow Jones Newswires;
91-11-4356-3358; prasenjit.bhattacharya@dowjones.com