Ambuja Cements Consolidated Net Profit Down 24.7% At INR13.90 Billion In 2008
06 Febbraio 2009 - 12:11PM
Dow Jones News
India's Ambuja Cements Ltd. (500425.BY) reported Friday a 24.7%
fall in its consolidated net profit for the year ended Dec. 31, due
to rising input costs and lower demand.
Consolidated net profit in 2008 fell to INR13.90 billion from
INR18.46 billion in the previous year.
Net sales rose 9.5% to INR62.62 billion in 2008, from INR57.19
billion in 2007.
"Our financial performance for the year has been impacted by
lower overall demand for cement and higher input costs, coupled
with restricted ability to pass on the increased burden to the
market," the company said in a statement.
-By Ankur Relia; Dow Jones Newswires; +91-22-2288 4212;
ankur.relia@dowjones.com