JK Cement reports YoY gains, India

JK Cement reported a healthy growth in earnings on the back of both higher volumes and realisations in the first quarter of the current fiscal.

In the June 2012 quarter, the company reported 38 per cent YoY growth in net profits, the Economic Times of India reports. Revenues grew by 21 per cent YoY to INR736 crore mainly due to 15 per cent growth in dispatches and a five per cent increase in realisation per ton. However, on a sequential basis, dispatches were 11 per cent lower compared to the March 2012 quarter. The company was able to achieve higher YoY volumes due to a weak monsoon that led to an increase in construction activity. (Source: Economic Times of India)