Cement maker ACC Ltd said on Thursday its fourth-quarter profit more than doubled from a year earlier and beat analysts' expectations. Profit rose 126 percent to Rs 2.06 billion ($32.06 million) in the quarter ended Dec. 31, from Rs 908.7 million a year earlier, the company said in a statement. Net sales were up 30 percent at Rs 34.17 billion. Analysts on average had expected the company to post a profit of Rs 1.85 billion, according to Thomson Reuters data. ACC shares were trading 3 percent higher after the results. The company's board has ...
ACC Q4 net surges 126% to Rs 2 bn; recommends dividend of Rs 15 per share
Analysts on average had expected the company to post a profit of Rs 1.85 billion
Reuters Last Updated at February 8, 2018 16:18 IST