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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Ambuja Cements Limited (PK) | USOTC:AMBUY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jun 2019 to Jun 2024
By Anirban Chowdhury
MUMBAI--ACC Ltd. (500410.BY) Thursday posted an about 52% increase in its third-quarter consolidated net profit, helped by higher cement prices.
The cement maker posted a net profit of 2.42 billion rupees ($45 million) for the July-September quarter, compared with 1.59 billion rupees a year earlier.
Sales rose 12% to 25.56 billion rupees.
Its sales volume, however, declined 5% to 5.40 million metric tons.
ACC expects its sales volume to increase in the next quarter as the monsoon season has ended, it said in a statement.
Demand for cement in India usually drops during the June-September monsoon season, when heavy rains affect construction work.
ACC is one of the two Indian units of Swiss cement maker Holcim Ltd. (HOLN.VX). The other unit, Ambuja Cements Ltd. (500425.BY), is scheduled to announce its results later Thursday.
Write to Anirban Chowdhury at anirban.chowdhury@dowjones.com
Order free Annual Report for ACC Ltd.
Visit http://djnweurope.ar.wilink.com/?ticker=INE012A01025 or call +44 (0)208 391 6028
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Visit http://djnweurope.ar.wilink.com/?ticker=INE079A01024 or call +44 (0)208 391 6028
Order free Annual Report for Ambuja Cements Ltd.
Visit http://djnweurope.ar.wilink.com/?ticker=US02336R1014 or call +44 (0)208 391 6028
Order free Annual Report for Holcim Ltd.
Visit http://djnweurope.ar.wilink.com/?ticker=US4347412037 or call +44 (0)208 391 6028
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