India: ACC reports 2.7% advance in net profit in 2016

The Indian LafargeHolcim subsidiary ACC Ltd reported a 2.7 per cent reduction in cement deliveries for 2016 to 22.99Mt, while in the 4Q16 the reduction was 9.1 per cent to 5.45m, slightly less than the 9.6 per cent to 5.07Mt seen in the 3Q16.  Ready-mixed concrete deliveries, however, rose by 10.7 per cent to 2.59Mt.  Volumes are expected to show increases during 2017.

The turnover declined by 4.3 per cent to INR109.46bn (US$1.62bn) while EBITDA came off by 7.5 per cent to INR14.21bn. The pretax profit rose by 5.1 per cent to INR8.05bn and the net profit advanced by 2.7 per cent to INR6.04bn. The new 2.79Mta clinker plant at Jamul and the 1.1Mta grinding centre at the same location as well as the 1.35Mta grinding centre at Sindri have now all been commissioned last October.