• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, Jan. 29

Madras Cements’ net profit dropped by 43 per cent while sales were up 19 per cent for the third quarter ended December 31, 2008 over the same period last year. Higher expenditure on power and fuel and transportation resulted in the drop in profits.

The company has announced an interim dividend of Re 1 a share (100 per cent).

It has reported a net profit of Rs 62.73 crore (Rs 110.65 crore) on sales of Rs 609.16 crore (Rs 509.79 crore) for the quarter. Cement sales increased 7 per cent to 15.65 lakh tonnes (14.62 lakh tonnes). It added 23 MW of wind power capacity taking its wind farm capacity to 159 MW.

More Stories on : Cement

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line