JK Cement Q3 net dips 79%

JK Cement today reported a 79 per cent decline in its third quarter net profit at Rs 11.21 crore on lower income.
The company, which has 7.5 million tonnes per annum grey cement making capacity, had clocked Rs 54.38 crore net profit in the corresponding quarter last fiscal, it said in a BSE filing.
Total income of the company declined to Rs 677.15 crore from Rs 688.08 crore a year earlier.
Total expanses, however, rose to Rs 634.37 crore from Rs 584.98 crore a year earlier. Freight costs went up to Rs 163.37 crore from Rs 141.51 crore a year earlier.