ACC reports 26 per cent net profit rise

ACC of India reported a rise of 26.33% in consolidated net profit to INR4.15bn for the quarter ended June 30, 2012 as compared to INR3.28bn in the same period last year.

Total consolidated income for the company, which is 50.3 per cent owned by Holcim, increased by 15.13% to INR29.59bn for the quarter ended June 30, 2012 from INR21.90bn in the year ago period.

Net sales rose 14.95% to INR29.19b  for the quarter compared to INR25.39bn in the same period last year.