ACC quarterly earnings rise 0.92%
Source: IRIS | 23 Jul, 2018, 05.10PM
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Rating: NAN / 5 stars. |
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"We have achieved robust scale in Q2 2018, growing both cement and the ready mix concrete business by 7% and 22% respectively, as well as delivering a consolidated EBITDA growth of 5% YoY. On the other hand, cost headwinds continue, driven by the rise in input material and logistics costs. The positive impacts of our step change in cost management are favorably impacting our financial results. We remain optimistic in our capacity to develop new revenue lines as wellas strengthen our performance in both the cement and ready mix business,'' said Neeraj Akhoury, Managing Director & CEO.
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