ACC’s Q1 2017 net profit down 9%

New Delhi, April 21 (IANS) Cement and ready mixed concrete producer ACC on Friday reported a decline of 9.05 per cent in its consolidated net profit for the first quarter (Q1) of 2017.

The company’s consolidated net profit decreased to Rs 211 crore from Rs 232 crore reported during the first quarter of last year.

In contrast, the consolidated sales (net of excise duty) rose 7.76 per cent to Rs 3,108 crore during January-March quarter of 2017 from Rs 2,884 earned during the corresponding period of last year.

–IANS

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