Ambuja Cements Tops Forecast With 35% Jump in 2Q Net Profit
July 26 2012 - 6:11AM
Dow Jones News
By Anirban Chowdhury
MUMBAI--Ambuja Cements Ltd. (500425.BY) Thursday posted a
better-than-expected 35% rise in its second-quarter net profit due
to higher product prices and sales volume.
The unit of Swiss cement maker Holcim Ltd. (HCMLY) posted a net
profit of 4.69 billion rupees ($83.8 million) for the April-June
quarter, compared with 3.48 billion rupees a year earlier.
Sales rose 18% to 25.66 billion rupees.
The average of estimates from five analysts was for a net profit
of 4.54 billion rupees on sales of 25.43 billion rupees.
Write to Anirban Chowdhury at anirban.chowdhury@dowjones.com
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