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Tuesday, July 18, 2017

India's ACC hits record profit - Reuters India



  • Cement maker ACC Ltd rises as much as 3.5 pct to a record high
  • ACC posted an about 33 pct growth in June-qtr profit, beating analysts estimates on higher cement sales volume
  • Company's cement sales volume rose 10.1 pct in the qtr to 6.74 mln tonnes
  • Investec analsyts say company's cost structure more elastic than ever before; favourably placed to address regional capacity challenges, realize synergy gains, tap into premium market void created by Lafarge exit
  • Stock had gained 31.3 pct this year as of Monday's close


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Item Reviewed: India's ACC hits record profit - Reuters India Rating: 5 Reviewed By: BUXONE